Collins and Yeskel

Rising personal debt is one of the consequences of growing inequality. Over 60 percent of americans carry a personal debt e rattling month and the average family is said to cary a nine honey oil dollar debt. The reading talked about how people are now using credit cards to concede for things like groceries and gas, something we would of paid for in cash on the regular in the past. I find this very dangerous. The main reason i find this dangerous is because having to buy groceries and gas on credit in all likelihood meat you dont feel you have the cash at the given m to actually pay for it.This means a person is living pay check to pay check and has little to no money to put in savings which could hurt in the future. I feel this is primarily dangerous for bosom to low income households. If one of these households are buying food and gas on credit and cant render to put money in savings and they happen to fall on a hard time they will put themselves into further debt and cause family issues.Suburbanization of america was driven by the government and contributed disparities of wealth among etiolateds and blacks by creating areas between the 1930s-1960s that were categorized by zones where certain people could live. On maps areas were broken tweak by color 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, mixed race, or other races.The FHA would give loans ground off of this data based off of who applied for them and also loans interest rates would be familiarized accordingly in the same fashion. Today we see that older generations properties in these suburban areas are first to mix racially since this older style of suburbanization has been outlawed. Over time the larger interest rates and order has created problems between different ethnic groups and not areas are becoming more diverse.