LEADER 04893nam 2200757Ia 450 001 9910813076403321 005 20240514063218.0 010 $a0-8047-8058-7 024 7 $a10.1515/9780804780582 035 $a(CKB)2550000000062858 035 $a(EBL)815933 035 $a(OCoLC)763161446 035 $a(SSID)ssj0000740607 035 $a(PQKBManifestationID)11409325 035 $a(PQKBTitleCode)TC0000740607 035 $a(PQKBWorkID)10700980 035 $a(PQKB)10295143 035 $a(SSID)ssj0000632890 035 $a(PQKBManifestationID)12199827 035 $a(PQKBTitleCode)TC0000632890 035 $a(PQKBWorkID)10610891 035 $a(PQKB)11301847 035 $a(MiAaPQ)EBC815933 035 $a(DE-B1597)563864 035 $a(DE-B1597)9780804780582 035 $a(Au-PeEL)EBL815933 035 $a(CaPaEBR)ebr10509344 035 $a(OCoLC)1178769730 035 $a(EXLCZ)992550000000062858 100 $a20110407d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aBroke $ehow debt bankrupts the middle class /$fedited by Katherine Porter 205 $a1st ed. 210 $aStanford, CA $cStanford University Press$d2012 215 $a1 online resource (322 p.) 225 0 $aStudies in Social Inequality 300 $aDescription based upon print version of record. 311 $a0-8047-7700-4 311 $a0-8047-7701-2 320 $aIncludes bibliographical references and index. 327 $tFrontmatter --$tContents --$tChapter One. Driven by Debt --$tChapter Two. A Vulnerable Middle Class --$tChapter Three. Out of Balance? --$tChapter Four. Home Burdens --$tChapter Five. College Lessons --$tChapter Six. Striking Out on Their Own --$tChapter Seven. No Forwarding Address --$tChapter Eight. Women?s Work, Women?s Worry? --$tChapter Nine. The Do-It-Yourself Mirage --$tChapter Ten. Less Forgiven --$tPART V. The Once and Future American Dream --$tChapter Eleven. Borrowing to the Brink --$tChapter Twelve. The Middle Class at Risk --$tAppendix. Methodology of the 2007 Consumer Bankruptcy Project --$tAcknowledgments --$tNotes --$tBibliography --$tContributor Biographies --$tIndex 330 $aAbout 1.5 million households filed bankruptcy in the last year, making bankruptcy as common as college graduation and divorce. The recession has pushed more and more families into financial collapse?with unemployment, declines in retirement wealth, and falling house values destabilizing the American middle class. Broke explores the consequences of this unprecedented growth in consumer debt and shows how excessive borrowing undermines the prosperity of middle class America. While the recession that began in mid-2007 has widened the scope of the financial pain caused by overindebtedness, the problem predated that large-scale economic meltdown. And by all indicators, consumer debt will be a defining feature of middle-class families for years to come. The staples of middle-class life?going to college, buying a house, starting a small business?carry with them more financial risk than ever before, requiring more borrowing and new riskier forms of borrowing. This book reveals the people behind the statistics, looking closely at how people get to the point of serious financial distress, the hardships of dealing with overwhelming debt, and the difficulty of righting one's financial life. In telling the stories of financial failures, this book exposes an all-too-real part of middle-class life that is often lost in the success stories that dominate the American economic narrative. Authored by experts in several disciplines, including economics, law, political science, psychology, and sociology, Broke presents analyses from an original, proprietary data set of unprecedented scope and detail, the 2007 Consumer Bankruptcy Project. Topics include class status, home ownership, educational attainment, impacts of self-employment, gender differences, economic security, and the emotional costs of bankruptcy. The book makes judicious use of illustrations to present key findings and concludes with a discussion of the implications of the data for contemporary policy debates. 410 0$aStudies in Social Inequality 606 $aBankruptcy$zUnited States 606 $aDebt$zUnited States 606 $aConsumer credit$zUnited States 606 $aMiddle class$zUnited States 606 $aFinance, Personal$zUnited States 615 0$aBankruptcy 615 0$aDebt 615 0$aConsumer credit 615 0$aMiddle class 615 0$aFinance, Personal 676 $a332.70973 701 $aPorter$b Katherine$g(Katherine M.)$01693040 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910813076403321 996 $aBroke$94070585 997 $aUNINA