How America Keeps You In Debt

#debt #studentloandebt #consumerism

Content note: depictions of a hospital/ medical emergency starts at 22:54, ends at 23:51.

Debt is an inescapable aspect of American life. Millennials and Gen Z have taken to social media platforms like TikTok, Instagram and X (formerly known as Twitter) to discuss their staggering 5 to 6-figure debt. From student loan debt to credit card debt to medical debt, a large segment of the American population is grappling with the debilitating anxiety that comes with being financially insecure. In this video, I dive into how America keeps its citizens in debt and what you can do to overcome this.

Sources:
Congress 2008 Recession Bailout
https://www.nytimes.com/2008/10/03/bu...

How the Paycheck Protection Program went from good intentions to a huge free-for-all
https://www.npr.org/2023/01/09/114504...

Welcome to America! Now learn to be in debt
https://www.npr.org/2023/05/24/117579...

Dignity Not Debt
https://www.ucpress.edu/books/dignity...

The Making of the Indebted Man
https://mitpress.mit.edu/978158435115...

Debt: The First 5,000 Years
https://warwick.ac.uk/fac/arts/englis...

Author Discussion on Debt
https://www.c-span.org/program/book-t...

Average American Household Debt Statistics
https://www.businessinsider.com/perso...

Household Debt and Credit
https://www.newyorkfed.org/medialibra...


Kanye West, Tom Brady, Jared Kushner, Reese Witherspoon, other celebs had millions in PPP loans forgiven
https://www.mercurynews.com/2022/08/1...

Consumer patriotism is the American way
https://www.vox.com/the-goods/2266288...


New America Bank Account Study
https://www.newamerica.org/family-cen...

How race impacts credit: the history and effect on lending practices
https://www.bankrate.com/personal-fin....

PG&E Bailout
https://www.abc10.com/article/news/lo...

https://www.abc10.com/article/news/in...




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