May 23, 2019

Coming Back from the Brink of Financial Destruction

“Millions of Americans live paycheck to paycheck, with very little room to survive missed paychecks or sudden financial hardship. In fact, 4 in 10 Americans say they would not be able to cover a $400 unplanned expense without racking up credit card debt, according to a 2018 report by the Federal Reserve. According to Nerd Wallet, about half of households reportedly carry credit card balances of nearly $7,000 from month to month; across the U.S., that amounts to about $944 billion in outstanding credit card debt. When that’s combined with things like home, car, and student loans, the the total personal debt for Americans comes to an astonishing $13.5 trillion.

So when you find yourself financially adrift or deep in the red, how do you begin to pull yourself out?

We talked to three people about how they did it, whether it meant becoming more financially responsible or making drastic lifestyle changes.”

Read more

JJ Editor's Daily Picks

"The results were surprising. The center-right coalition, led by Prime Minister Scott Morrison, remained in power against the opposition Labor party, which had led in every poll for years."

"Anger seldom works against Trump; he owns the currency and can always issue more of it. In addressing the rogue President directly, or speaking about him in the third person, Pelosi usually adopts a tone that is more sorrowful than angry..."

"I am Mizrahi, as are the majority of Jews in Israel today. We are of Middle Eastern and North African descent. Only about 30% of Israeli Jews are Ashkenazi, or the descendants of European Jews."

"Kids are exposed to plenty of controversial social issues on a daily basis. And if parents don’t want their kids to watch “Mr. Ratburn and the Special Someone,” they can turn off the TV."

"Are public-school teachers really underpaid? It’s a claim often made during teacher pay disputes, but the same data and statistical methods that produce the “teacher salary gap” lead to some ridiculous conclusions..."

"Tech companies are getting into the business of making cities. We need to stop Silicon Valley social engineering before things get even worse."

"Having a Library or Cafe Down the Block Could Change Your Life: Living close to public amenities—from parks to grocery stores—increases trust, decreases loneliness, and restores faith in local government."

"“What name . . . shall we give to the darkness of hell...?” The question of how we can name a place such as this is at the center of scholar Scott G. Bruce’s new anthology The Penguin Book of Hell."

"She had all six of her kids — ages 5, 4, 2 (twins) and 10 months (also twins!) in her 10-seater van. To get the kids a quick snack, Curry parked in front of the Cobbler’s Café."

"Nearly three-quarters of those surveyed said they grew up typically eating dinner at a kitchen table, but a little less than half said they do so now when eating at home."

"If you tied a rope tight around the Earth’s equator and then added a single yard of slack, would the extra material make any noticeable difference to someone standing on the ground?"

"While American Jewish women face attacks on our freedom and rising anti-Semitism, abortion opponents are appropriating Jewish history in order to push an agenda that hurts women."