A New Look at Poverty and Debt
“Poverty.” “Debt.” We think we know what these words mean. But this week, with David Brancaccio filling in for Tess Vigeland, Marketplace Money took a second look, and found stories you wouldn’t expect.
The Census is releasing new numbers that give a more nuanced measurement of poverty; But what does this mean for Denise Chapman in Trenton, New Jersey?
Debts are things you have to pay, right? Not according to David Graeber, author of Debt: The First 5,000 Years.
Speaking of debt, a debt-fueled bubble got us into this recession, so perhaps we could rely on debt to get us out. It’s tempting, but a mistake, according to Austan Goolsbee, former chair of President Obama’s Council of Economic Advisers.
Also in the show:
- The weight of medical debt
- Greeks seeking employment abroad
- Getting Personal: Housing and savings conundrums
- The economy needs more marshmallow eaters
You can listen to the whole show here.
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