Well this was an interesting statement, the divorce rate vs. bankruptcy rate.
Quote:
Q: What’s the answer for your husband?
Edwards: It’s the continuing inequity. We still have a middle class that lives on a razor blade. So sometimes when you say poverty, you neglect a large portion of the population about whom he’s deeply concerned. It’s the two-income trap. It’s more likely in America that your parents will file for bankruptcy than divorce. We think of divorce as so prevalent, but we all know that happens because somebody moves out of the house. But when bankruptcy happens, they stay there, they close up, and you don’t feel what’s going on. But what that means is we have all these families under stress, constantly. And then we have the people who are trying to get out of dire distress. You hear that thirty-seven million people in this country live in poverty, and fifteen million people—fifteen million— live in deep poverty, which is $7,800 for a family of three.
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These numbers make me wacky, they might even be true. But there's EIC, there's welfare, medicaid, all sorts of programs that make that 7,800 a "panic" number.
I forget what edwards solutions are to this problem? Anyone have it in a nutshell?