Manning, Robert D. Credit Card Nation. New York: Basic Books, 2000.
I chose this site because some people use credit cards to purchase everyday necessities. In addition, this can contribute to one of the main reason why most families fall into debt. The author of this piece knows about this topic because he is Research Professor and Director of the Center for Consumer Financial Services. In addition, Credit Card Nation received the 2001 Robert Ezra Park Award. One part in the book that I found fascinating was �total consumer debt as a percentage of disposable personal income climbed sharply in the 1980s, from 65.4 percent in 1980($1.4 trillion) to 83.5 percent in 1900(3.7 trillion). In 2000, it jumped to an all-time high of about 6.5 trillion, with mortgages accounting for nearly two-thirds of total consumer debt.� The main contributor of debt is mortgage. In addition, a home is one of the basic necessities in order to survive the elements.
Ohlemacher, Stephen. "House Poor." LexisNexis (2006). 16 Oct. 2006 <http://web.lexis-nexis.com/universe/document?_m=d94274549035e7de612ec24f13504b07&_docnum=9&wchp=dGLbVtz-zSkVA&_md5=35211cbdbd480f70b869c9ab8d5b60bf >.
I plan on using this article because it talks about how people spend most of their money on a home and become poor in the process. The author Stephen Ohlemacher is a credible author because he is a reporter for The Cleveland Plain Dealer. One part of the paper that I found disturbing was �America's home ownership rate is at a near-record 68.7 percent. But some housing advocates warn that declining affordability will make it difficult for low-income owners to keep their homes.� As a result, families that have homes may fall into deep debt. In addition, some families may lose their homes because they do not have the money to keep up with the mortgage. The people that can afford to live in the homes may find themselves struggling just to make ends meet.
"Seeking a Solution to Debt." Right on the Money. 2003. 17 Oct. 2006 <http://www.rightonthemoney.org/shows/523_counsel/index.html>.
I chose this site because people need to be informed on how to get out of debt sort of like a prescription to the cause. There is no author to this site, but the information sounds credible. One tip that most people need when it comes to debt is �You want to reverse the process that got you in over your head with consumer debt in the first place, and with most people that meant that they're spending exceeded their income" Too many people what they do not have and can lead to debt. I plan on using the information on this site to give tips on how somebody can get out of debt. Everybody knows how they got into debt, but few people know how to get out of it. I plan on using this information to help people learn how to get out of debt. In addition, I might also tell them how to avoid going into debt.
Shipler, David K. The Working Poor. New York: Alfred A. Knopf, 2004.
I chose this book because I thought it would benefit my paper. The author of this book is trying to show that the �working poor� work hard and in the end are shorthanded because they work their tale off and get nothing in return. As a result, the �working poor� fall into debt. David K Shipler interviewed and stayed with the working poor. In addition, he is a diplomatic correspondent for Washington, DC, so he should know quite a bit about the working poor. One part in the book that I found interesting was �with rising wealth driving up housing costs, the working poor have been left practically helpless, unable to get into the market and unserved by underfunded federal and state housing programs.� I plan on using certain parts of the book in my paper. In addition, I may also use this to emphasize on the high price of a home may also lead to family debt.
The World Almanac and Book of Facts 2006. New York: Press Pub. Co., 2006. 81-84.
The information on this book is pretty credible because it is The World Almanac. I plan on using the Consumer Price Index to show when the price of everything started to go up and compare prices before and after the prices went up. For example, the prices of all goods started to dramatically go up during the mid seventies and continued to go up since then. From 1915 to 1965 the price of goods seemed to stay at a steady pace. �What cost $1.00 in 1967 cost 30 cents in 1915, 54 cents in 1945, and $5.79 by the first half of 2005.� This book will be of great benefit for my research paper because the book emphasizes on the rate in which prices went up. In addition, the rising cost can lead into family debt because the rising cost may exceed the family net income.
Wagmiller, Robert. "Debt and Assets Among Low-Income Families." Nccp.Org. 2003. NCCP. 20 Oct. 2006 <http://www.nccp.org/media/aad03-text.pdf>.
The website �Debt and Assets Among Low-Income Families� talks quite a bit about family debt among low-income families and goes into the causes too. Robert Wagmiller �specializes in the effects of poverty and various public policies on family behavior and the social, emotional and cognitive development of children,�2 so he should know quit a bit about Debt of low income families. In the website I seen a interesting point that the author makes in his paper. �For most low income families, debt has grown much faster than has family income. Consequently, debt is a much greater problem for low-income families today than it was two decades ago.� The main reason for this I think is because the price for everyday things has gone up. I will use this website for my paper because there is quit a bit of information.
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