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Scripps College > The Humanities Institute > 2007 Fall Unequal We Stand: What Future for the American Middle Class? > “Maxed Out”: Hard Times, Easy Credit and the Era of Predatory Lenders

October 4, 2007

“Maxed Out”: Hard Times, Easy Credit and the Era of Predatory Lenders

  • 2007 Fall Unequal We Stand: What Future for the American Middle Class?

When Hurricane Katrina ravaged America’s Gulf Coast, it laid bare an uncomfortable reality—America is not only far from the world’s wealthiest nation; it is crumbling beneath a staggering burden of individual and government debt. MAXED OUT takes us on a journey deep inside the American debt-style, where everything seems okay as long as the minimum monthly payment arrives on time. Sure, most of us may have that sinking feeling that something isn’t quite right, but we’re told not to worry. After all, there’s always more credit!

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