{"id":91654,"date":"2018-06-18T16:00:39","date_gmt":"2018-06-18T09:00:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-a-reason-why-you-cant-afford-to-live-in-america\/"},"modified":"2018-06-18T17:03:14","modified_gmt":"2018-06-18T10:03:14","slug":"theres-a-reason-why-you-cant-afford-to-live-in-america","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-a-reason-why-you-cant-afford-to-live-in-america\/","title":{"rendered":"There's a reason why you can't afford to live in America"},"content":{"rendered":"


\nIn this extract of her new book, Guardian columnist Alissa Quart explains how the middle class faces a uniquely American predicament: being \u2018squeezed\u2019 economically and psychologically Michelle Belmont\u2019s debt haunted her. It was almost unspeakable, but it was a raw relief when anyone asked her about it. She wanted people to hear about her life as she lived it, how her debt trailed her like a child\u2019s monster, how it was there when she went to the supermarket, to her son\u2019s daycare, and home to her one-bedroom apartment.It began, as it often does, with the student loans for the college her parents back home in Georgia thought would ensure the right future. Then there was the money she borrowed for her master\u2019s of library science degree. A bit later, when baby Eamon came along, she and her husband owed over $20,000 in hospital bills as well. What was shocking were the price tags, just for normal things, like Michelle\u2019s labor and her overnight stay. Continue reading…
\n
\nSource : theguardian.com
\nRead more…There’s a reason why you can’t afford to live in America<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In this extract of her new book, Guardian columnist Alissa Quart explains how the middle...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-91654","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-nQi","jetpack-related-posts":[{"id":113805,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-laden-evergrande-raises-more-debt\/","url_meta":{"origin":91654,"position":0},"title":"Debt-laden Evergrande raises more debt","date":"January 22, 2020","format":false,"excerpt":"\r The Chinese real estate market continues to require fresh capital.\r \r Source : ft.com\r Read more...Debt-laden Evergrande raises more debt","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138670,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-developer-yuzhou-unveils-offshore-debt-restructuring-plan-says-has-not-defaulted-on-onshore-debt\/","url_meta":{"origin":91654,"position":1},"title":"Chinese property developer Yuzhou unveils offshore debt restructuring plan, says has not defaulted on onshore debt","date":"August 7, 2023","format":false,"excerpt":"\r Chinese developer Yuzhou Group is seeking to get approval for an offshore debt restructuring plan, which it says will allow it to to continue as a going concern and thrive moving forward\r \r Source : South China Morning Post\r Read more...Chinese property developer Yuzhou unveils offshore debt restructuring plan,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70206,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rise-in-personal-debt-agreements-add-to-concerns-about-uk-debt\/","url_meta":{"origin":91654,"position":2},"title":"Rise in personal debt agreements add to concerns about UK debt","date":"October 27, 2017","format":false,"excerpt":"\r Applications for individual voluntary arrangements (IVAs) reach highest level since introduction in 1987British households are increasingly struggling with problem debts, according to alarming official figures, in the starkest indication yet of the UK slipping into the red. Government statistics for England and Wales show applications for individual voluntary arrangements\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83123,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-debt-laden-hna-looks-to-sell-more-assets-as-pressure-to-repay-debt-weighs\/","url_meta":{"origin":91654,"position":3},"title":"China\u2019s debt-laden HNA looks to sell more assets as pressure to repay debt weighs","date":"March 19, 2018","format":false,"excerpt":"\r Embattled mainland Chinese conglomerate HNA Group is stepping up its disposals of assets with plans to sell a clutch of office buildings, hotels and other property to repay debt taken on its recent rapid overseas expansion. A source with knowledge of the situation said the company was eager to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16590,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/canadians-debt-to-income-level-near-record-high\/","url_meta":{"origin":91654,"position":4},"title":"Canadians\u2019 debt-to-income level near record high","date":"June 15, 2016","format":false,"excerpt":"\r Canadians are taking on more mortgage debt, and this is keeping debt-to-income levels near an all-time high, according to Statistics Canada.\r \r Source : South China Morning Post\r Read more...Canadians\u2019 debt-to-income level near record high","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70404,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-debt-at-8000-per-person-not-including-the-mortgage\/","url_meta":{"origin":91654,"position":5},"title":"Average UK debt at \u00a38,000 per person (not including the mortgage)","date":"October 30, 2017","format":false,"excerpt":"\r Survey reveals 6m Britons fear never being debt-free with 25% struggling to make ends meet and 62% worried about personal debt levelsMore than six million Britons don\u2019t believe they will ever be debt free, according to new research which has also found the average person in the UK owes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/91654"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=91654"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/91654\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=91654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=91654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=91654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}