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debt ↔ U.S.

Relations (1)

cross_type 3.00 — strongly supporting 9 facts

The relationship is established by the prevalence of debt among households in the U.S. [1], [2] and the systemic normalization of debt within U.S. economic and social policies [3], [4], [5], [6], [7].

Facts (9)

Sources
The Impacts of Individual and Household Debt on Health and Well ... apha.org American Public Health Association 7 facts
referenceIn the chapter 'The Precipice of Debt' (2008), author Brett Williams discusses the erosion of democracy in America through the lens of neoliberalism and debt.
claimSome lenders in the United States have exploited the psychological meaning of debt to create circumstances that resemble indentured servitude.
measurementIn 2019, 77% of U.S. households reported holding some type of debt.
referenceBianca Williams authored the chapter 'The Precipice of Debt' in the book 'New Landscapes of Inequality: Neoliberalism and the Erosion of Democracy in America', published by the School for Advanced Research Press in 2008.
claimSince the 1970s, neoliberal economic policies in the United States have effectively funneled individuals, particularly those with low incomes, into debt.
claimThe United States has normalized the practice of incurring debt to pay for basic needs, such as health care and education, which could alternatively be funded through public resources.
referenceBrett Williams' chapter 'The Precipice of Debt' in the 2008 book 'New Landscapes of Inequality: Neoliberalism and the Erosion of Democracy in America' discusses the impact of debt on American society.
How Government Tax And Transfer Policy Promotes Wealth Inequality taxpolicycenter.org Tax Policy Center 1 fact
measurementBetween 1983 and 2016, debt grew faster than gross assets for most households in the United States, with the exception of those near the top of the wealth pyramid.
Taxes, Government Transfers and Wealth Inequality milkenreview.org Eugene Steuerle · Milken Review 1 fact
measurementFor U.S. households in the middle fifth of the wealth distribution, assets increased by 71 percent while debt increased by 127 percent between 1983 and 2016.