Easy Money Summary
Shiplier talks about con artists in the loan programs in America. You will pass by buildings that say “Quick Cash” or “Easy Money”, tricking people into thinking that they will be able to pay off what they need to and be done. When in fact it is a whole mess of loans between you and them, Shipler explains what happens in the payday loan business but he talks about an Indiana woman that had to learn the hard way. Her loan did not go through and the payday loan officer charged her extra fees, so she sued. With court costs and the loans she racked up almost a 1,310 in debt just for a $300 loan. So Shipler explains that this is the wrong way to go. His examples really opens up a whole new thought process to what you are reading making it easier
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Puts any extra money in their pocket they might need to use. Whether it’s saving up for clothes or a new car, a minimum wage job can be super helpful. Minimum wage can turn out to be trouble for anyone trying to raise a family or to afford a month's rent and groceries at the same time. That can end up putting these people into the poverty cycle. All the money they have goes to affording basic needs and nothing more. A study by UC Berkeley, shows that 1 in 3 industry workers find themselves on welfare. Philadonna Wade is a mother of four who works at the assembly line at Ford Motors and she is living off of public assistance. She talks about how she “absolutely hates being on public assistance” and how she feels constantly judged for living off welfare even though she has a job. Ford Motors simply does not pay enough for her to support her four children. Most production jobs have an hourly wage of $15.01 an hour, but Wade only receives $9.50 and sometimes does not give her 40 hour weeks to make a livable wage. Most americans living off public assistance are in a catch 22 with the federal system. If they do not have a job, they risk getting pulled into the poverty cycle. If they do have a job and they are not paid well enough they risk being put on public assistance, which also pulls you into the poverty
Puts any extra money in their pocket they might need to use. Whether it’s saving up for clothes or a new car, a minimum wage job can be super helpful. Minimum wage can turn out to be trouble for anyone trying to raise a family or to afford a month's rent and groceries at the same time. That can end up putting these people into the poverty cycle. All the money they have goes to affording basic needs and nothing more. A study by UC Berkeley, shows that 1 in 3 industry workers find themselves on welfare. Philadonna Wade is a mother of four who works at the assembly line at Ford Motors and she is living off of public assistance. She talks about how she “absolutely hates being on public assistance” and how she feels constantly judged for living off welfare even though she has a job. Ford Motors simply does not pay enough for her to support her four children. Most production jobs have an hourly wage of $15.01 an hour, but Wade only receives $9.50 and sometimes does not give her 40 hour weeks to make a livable wage. Most americans living off public assistance are in a catch 22 with the federal system. If they do not have a job, they risk getting pulled into the poverty cycle. If they do have a job and they are not paid well enough they risk being put on public assistance, which also pulls you into the poverty