Bankruptcy and the Poor

In 2005 Congress passed a new bankruptcy law to prevent abuses, it made getting a lawyer necessary. But of course many can’t afford one. Some wait until their tax refunds, so much so there is a spike in bankruptcy filings from March to May. Some file under Chapter 13 which means their debts have to be repaid usually over 5 years.  Chapter 13 requires a lawyer too, and those fees have to be added to the list of debts. Many default and then it all falls through. There are also bankruptcy services which Continue reading “Bankruptcy and the Poor”

Hunger on College Campuses

Being in school is hard. For those who have access to life’s necessities, even for those who can include some of its pleasures, it can nevertheless be the best time of their lives, but for the rest for whatever reason, it is challenge upon challenge. According to a new survey 36% of students on college campuses do not have enough to eat. The survey finds that one of the reasons for food insecurity is that jobs are not as easy to find.  There is much competition for the low paying jobs students typically get. Other reasons are “ballooning college costs”, inadequate aid packages, growing enrollment Continue reading “Hunger on College Campuses”

Climate Change Migration

It’s easy to speak of the consequences of climate change, but being faced with potential numbers of one of its consequences is a wake-up call. The World Bank recently issued a Report “Groundswell: Preparing for Internal Climate Migration” saying that if current trends continue and we do nothing by 2050, 143 million people would be climate change refugees. The reasons are due to causes we’ve already heard about:  decreased crop productivity, water shortages and rising sea levels. Of course Continue reading “Climate Change Migration”

Wage Stagnation

What happens to the wages of American workers may not seem like a topic we want to spend time on but it is important. For example, according to some experts it was a contributing factor to the election of Donald Trump. Although the last jobs report showed some wage increase, overall that increase was very flat and shows that in the long run wages will continue to be flat. Wage stagnation is not new, it has basically been around for the last 40 years and has puzzled economists. That’s why the Hamilton Project of the Brookings Institution has now issued an e-book discussing the issues, making proposals and recommendations. One of the proposals which the authors seem to Continue reading “Wage Stagnation”