I read the headline and sighed. I am not surprised - the new poor are members of the middle class.I see it everyday in my house - the family struggles to make ends meet. Parents are stressed; kids are stressed because they sense their parent's worry and fears.
I don't have a clue as to what the answer to this problem is but I suggest that sub-prime lending and the transfer of manufacturing jobs to China is the cause. I am not crazy about the credit reporting system either. It is nearly impossible to break out of the cycle of poverty once it takes hold.
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