On Sunday at 2 o’clock Pacific (4 Central, just so I’ll remember) I’ll be hosting Katherine Porter to discuss her new book, Broke, How Debt is Bankrupting the Middle Class. It is a scholarly work, digging deep into data collected on several thousand bankruptcy cases filed in early 2007, before the Great Crash.
I invite you to read the first chapter, located here. Porter describes a specific case, an all too typical American family whose finances collapsed. She describes the study, and the general layout of the book.
This book’s purpose is to counter the rhetoric about bankruptcy by providing data on the real families who file for bankruptcy. In analyzing their financial situations, we identify gaps and inconsistencies in the law, policy and economics of consumer credit.
I hope you will take a few minutes to read this chapter, and then participate in what should be a most enlightening Book Salon.