Career Calling

July 29, 2014

Debt and Flat Wages

According to a report in Huffington Post, 35% of American adults with credit records have had a debt taken to collection. While this is a problem for the economy, it is related to a topic I write about frequently: stagnant wages. Since the crash of 2008, many Americans have seen small or no raises. This article cites an expert from the Urban Institute who makes the same point. It’s not enough to talk about raising the minimum wage. Many middle class workers are struggling to make ends meet. Too many people live from paycheck to paycheck. An unexpected medical emergency or car/house repair can lead straight to collection calls. America needs a raise.

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