Annotated Bibliography:
Clemmitt, Marcia. "Rising Health Costs." CQ Researcher 16.13 (2006): 289-312. CQ Researcher Online. CQ Press. Learning Resource Center, Visalia, CA. 17 Oct. 2006 <http://library.cqpress.com/cqresearcher/cqresrre2006040700>.
The general idea that the author is portraying in this journal is how the rising cost of health care affects everyday people. To most people the need for health care is important, and with the prices going up in health care, not that many people can afford it. The author Marcia Clemmitt is a credential author that would know quit a bit about the rising cost health care because she �is a veteran social-policy reporter who recently joined the CQ Researcher after serving as editor in chief of Medicine and Health�1 The academic journal that she wrote on CQ Researcher describes the rising cost of health care and the effects it has on today�s people. �In the last five years, insurance premiums jumped 73 percent, but wages rose only 15 percent�Health coverage alone �is eating up about a quarter of the increase in workers' earnings,� This academic journal can be used for my topic because health care is a necessity that everybody needs and the rising cost of it can make families fall into debt.
"Debt." Encarta. 17 Oct. 2006 <http://encarta.msn.com/dictionary_1861602982/debt.html>.
I have used the Encarta dictionary to define what debt is. I will use the definition in my research paper. The definition of debt is �something owed:�an amount of money, a service, or an item of property that is owed to somebody� (Debt). The something that is owed in my research paper is money.
Balkin, Karen. Poverty: Opposing Viewpoints. San Deigo: Greenhaven Press, 2004.
The reason I chose this paper is because I wanted to get both point to what causes poverty. In addition, I thought this might strengthen my paper. The Greem Haven press consist of a previously published material taken from a variety of sources, so the sources should be credible. One part of the book that I thought was pretty interesting was a section called The Uninsured Poor Suffer Ill Health. A part in the section says " The fact is poverty kills. It is a reliable general rule that the poorer you are, the shorter your life span; the richer you are, the longer you live." I thought this was a little dramatic but true. The more a family fall into debt the less they have to pay for medical expenses. In addition, debt can be stressful and stress can cause health problems. On the other hand, If a person has the money to pay for medical expenses and all the necessities in life he/ she will live longer. I plan on using other parts of this book for my paper as well.
"Family Debt." For Faith & Family. 2006. 17 Oct. 2006 <http://www.alliancenet.org/CC_Content_Page/0,,PTID314166|CHID744896|CIID,00.html>.
I could not find an author for this site, but the information on this site will be useful for my paper because the site goes into great detail about family debt and the causes of family debt. The site looks pretty credible because the information has strength to it. In addition, the website sites a familiar author (Juliet B Schor) of a book I read in my English one class. A part that fascinated me the most was �"Seventeen percent of Americans are in the hole, deep in debt with little hope of climbing out. Twenty percent describe their financial position as precarious. Forty percent take on debt but claim to always pay up on time, and 23 percent boast that they are debt free. Collectively, we owe more than $1.266 trillion in non-mortgage debt�roughly $5,000 for every American.�
Kliesen, Kevin L. "Survey Says Families are Digging Deeper Into Debt." Stlouisfed.Org. 2006. 20 Oct. 2006 <http://stlouisfed.org/publications/re/2006/c/pdf/digging_into_debt.pdf>.
I chose this website to help build on the fact that the rising cost of getting a home can cause a family to go into debt. The author uses the survey of Consumer Finances (sCF) report an article that records recent trends and financial holdings from 1989-2004. In the end of the website the author says �The median value of debt held by families that reported any kind of debt in 2004 was $55,300, an increase of almost 34 percent from three years earlier. In contrast, real family debt only increased by 7.3 percent per year from 1989 to 2001. During the more recent period, the sharp increase in real family debt stemmed from an increase in the value of mortgage debt secured by primary residence (e.g., home equity loans), which increased by27.3 percent. Median home equity borrowing rose by more than 20 percent across all income groups, with those in the second highest decile rising the most (37.3 percent).� I will use this part of the website for my paper.
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