Collins and Yeskel

Rising personal debt is one of the consequences of growing inequality. Over 60 per centum of americans carry a personal debt every month and the average family is express to cary a nine thousand dollar debt. The reading talked about how good deal are now using credit cards to fall in for things corresponding groceries and gas, something we would of paid for in cash on the regular in the past. I find this very parlous. The main reason i find this dangerous is because having to buy groceries and gas on credit probably means you dont tactual sensation you have the money at the given time to actually turn out for it.This means a person is living pay check to pay check and has little to no money to put in nest egg which could hurt in the future. I feel this is primarily dangerous for place to low income households. If one of these households are buying food and gas on credit and cant afford to put money in nest egg and they happen to fall on a hard time they go forth put thems elves into further debt and cause family issues.Suburbanization of america was driven by the governance and contributed disparities of wealth mingled with whites and blacks by creating expanses between the 1930s-1960s that were categorized by zones where certain people could live. On maps areas were broken down by rubric to determine the most desirable places to live. Green was a desirable area where it was predominately white and red was an undesirable place to live where it was mostly black, heterogeneous race, or other races.The FHA would give loans base off of this data based off of who applied for them and also loans interest rates would be correct accordingly in the same fashion. Today we see that older generations properties in these suburban areas are starting to mix racially since this older modal value of suburbanization has been outlawed. Over time the larger interest rates and zoning has created problems between different ethnic groups and not areas are becoming m ore diverse.