Sunday, June 11, 2006

In the Midst of Life...

I should write a series on debt – so prevalent these days, so much of a problem for college grads, so much worse thanks to the new less-forgiving bankruptcy laws. (I had been thinking of this before I saw that today’s Times devoted its magazine to the subject.)

Going in, without researching the subject much, I feel that there are no easy solutions. If you don’t have much in the way of income, there’s not a great deal you can do. The latte factor won’t cut it. We need societal changes—like a higher minimum wage, like an effort to acquaint poor people with credits for low-income workers.

A series: 1-- the extent of the problem & its causes
2—the most common victims: college students—the ill--
3—possible remedies: bankruptcy, a new job, budgeting.
Case histories.

In the midst of life, wrote Ambrose Bierce, we are in debt.

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