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Tough times call for tough medicine, and the recession caused by the subprime mortgage crisis qualifies as tough times. The mistakes people make with their money are basic and avoidable and the same polite presentation of financial basics is not needed. What's needed is a smack upside the head, and this book is it, Kelly illustrates the four major tenets of getting money right. Financially Stupid People Are Everywhere: Don't Be One of Them also contains...
Author
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A young boy's awakening to the conflict between innate gifts and social class is at the center of this searing memoir about the unforgiving sovereignty of money Hoping to make a killing in New Jersey real estate, the author's father, Monroe Siegel, takes a draw from his employer against unearned commission. When the recession hits in the 1970s, Monroe finds himself owing a small fortune to his firm. He sinks toward divorce and bankruptcy, while Lola,...
Description
This powerful video scrutinizes what Juliet Schor calls "the new consumerism" - a national phenomenon of upscale spending shaped and reinforced by a media system driven by commercial interests. Illustrated with hundreds of media examples, The Overspent American draws attention to the costs (both financial and social) of the relentless search for happiness and identity through spending.
Description
This hard-hitting documentary investigates why so many Americans - college and high school students in particular - are being strangled by debt. Zeroing in on how the mall has replaced the factory as America's dominant economic engine, Emmy Award-winning former ABC News and CNN producer Danny Schechter shows how college students are being forced to pay higher interest on loans while graduating, on average, with more than {dollar}20,000 in consumer...
Description
Just a few years after the subprime mortgage crisis, there are ominous signs that the student loan market is on the verge of collapsing, yet another casualty of predatory lending practices. Default brings this perilous situation into sharp relief, chronicling the stories of borrowers who find themselves in the paralyzing predicament of having to repay far more than what they borrowed -- with no bankruptcy protection, and no recourse under the law....
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