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Cultures & Languages Borrowing to Live

Posted on 2010-03-16




Name:Cultures & Languages Borrowing to Live
ASIN/ISBN:0815747133
Language:English
File size:8.6 Mb
Publish Date: 2008
ISBN: 0815747133
Pages: 289 pages
File Type: PDF
File Size: 8.6 MB
Other Info: Brookings Institution Press
   Cultures & Languages Borrowing to Live

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Borrowing to Live

Americans are awash in debt. Credit undergirds daily life more than ever before - it is one of the defining aspects of life in the United States today. The damage from a depressed housing market is exacerbated by the subprime lender implosion, sending shock waves through the financial sector, international economies, and the presidential campaign.

Most low- or moderate-income people borrow, but they are doing it to stay afloat rather than to keep up with the Joneses.How did things go so wrong? How can we maintain and expand access to credit while protecting the consumer and avoiding a reoccurrence of the current crisis? In "Borrowing to Live", the Joint left for Housing Studies.

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