Home Burdens: The High Cost of Homeownership
About 1.5 million households filed bankruptcy in the last year, making bankruptcy as common as college graduation and divorce. The recession has pushed more and more families into financial collapse—with unemployment, declines in retirement wealth, and falling house values destabilizing the American middle class. The book Broke: How Debt Bankrupts the Middle Class explores the consequences of this unprecedented growth in consumer debt and shows how excessive borrowing undermines the prosperity of middle class America.
Director of the Housing Policy Program, Jerry Anthony, has a featured article in Broke titled, "Home Burdens: The High Cost of Homeownership".