3min chapter

The Socialist Program with Brian Becker cover image

Why Are Workers Drowning in Credit Card Debt?

The Socialist Program with Brian Becker

CHAPTER

Economic Shifts and the Rise of Consumer Debt

Exploring the impact of economic changes on working-class families, the chapter delves into the rise of multi-jobholding, women entering the workforce in large numbers due to financial strains, and the role of banks in offering consumer loans that perpetuated borrowing cycles.

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