Posts tagged "America"

The Facts about Fees: Student Loans 2012

While you’re reading this, there are over 18 million students enrolled at the almost 5,000 colleges and universities currently in operation all over America.

Now that the economy is facing the biggest student loan debt bubble in history, and when these graduates get into the real world they learn that the good jobs they were promised are very few and far between. Yikes!

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Posted by Cathy Miller - July 14, 2014 at 8:07 am

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The Working Poor: Invisible in America

The Working Poor: Invisible in America

The Working Poor: Invisible in America

  • hard fact and personal testimony

“Nobody who works hard should be poor in America,” writes Pulitzer Prize winner David Shipler. Clear-headed, rigorous, and compassionate, he journeys deeply into the lives of individual store clerks and factory workers, farm laborers and sweat-shop seamstresses, illegal immigrants in menial jobs and Americans saddled with immense student loans and paltry wages. They are known as the working poor.

They perform labor essential to America’s comfort. They are white and black, Latino and Asian–men and women in small towns and city slums trapped near the poverty line, where the margins are so tight that even minor setbacks can cause devastating chain reactions. Shipler shows how liberals and conservatives are both partly right–that practically every life story contains failure by both the society and the individual. Braced by hard fact and personal testimony, he unravels the forces that confine people in the quagmire of low wages. And unlike most works on poverty, this book also offers compelling portraits of employers struggling against razor-thin profits and competition from abroad. With pointed recommendations for change that challenge Republicans and Democrats alike, The Working Poor stands to make a difference.The Working Poor examines the “forgotten America” where “millions live in the shadow of prosperity, in the twilight between poverty and well-being.” These are citizens for whom the American Dream is out of reach despite their willingness to work hard. Struggling to simply survive, they live so close to the edge of poverty that a minor obstacle, such as a car breakdown or a temporary illness, can lead to a downward financial spiral that can prove impossible to reverse. David Shipler interviewed many such working people for this book and his profiles offer an intimate look at what it is like to be trapped in a cycle of dead-end jobs without benefits or opportunities for advancement. He shows how some negotiate a broken welfare system that is designed to help yet often does not, while others proudly refuse any sort of government assistance, even to their detriment. Still others have no idea that help is available at all.

“As a culture, the United States is not quite sure about the causes of poverty, and is therefore uncertain about the solutions,” he writes. Though he details many ways in which current assistance programs could be more effective and rational, he does not believe that government alone, nor any other single variable, can solve the problem. Instead, a combination of things are required, beginning with the political will needed to create a relief system “that recognizes both the society’s obligation through government and business, and the individual’s obligation through labor and family.” He does propose some specific steps in the right direction such as altering the current wage structure, creating more vocational programs (in both the public and private sectors), developing a fairer way to distribute school funding, and implementing basic national health care.

Prepare to have any preconceived notions about those living in poverty in America challenged by this affecting book. —Shawn Carkonen

List Price: $ 16.00

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Posted by getloans - September 3, 2013 at 9:37 am

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How does the personal loan from banks such as Bank of America or Citibank work?

Question by BeBeAdY: How does the personal loan from banks such as Bank of America or Citibank work?
I just received an offer to apply for a personal loan for up to 35,000 with Bank of America and for up to 5,000 with citibank. I actually need no more than 7,500. The interest rate is between 9,97 and 27,88 based on credit worthiness. I will like to know how it works. I’m hesitating between that and applying for a credit card. My credit score is fair (650). A friend advised me to go for the loan because it’s a guaranteed fixed interest. But since I’ve never done it before I will appreciate some more advice. Thanks so much.

Best answer:

Answer by Mrs Apple
Loans and credit card are quite similar. It really depends on your credit history and your employment status. No company will give you money if you don’t have a job. Loans and credit card interest can be fixed or variable. This is something that you need to talk to the bank about. Don’t apply for a credit card if the interest is not fixed. The only difference is that a loan will require you to pay off at a certain amount of time. This is how the bank calculates your monthly payments. As for credit cards, you can pay off anytime you want but you’ll need to make minimum payments. Since you are only making minimum payments, you can end up never paying off this debt. However, you can negotiate on the interest rate in the future if your credit history improves.

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Posted by getloans - November 15, 2011 at 5:01 pm

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