Overview
Over the last four decades, debt, bankruptcy, and home foreclosures have risen to epidemic levels, and the personal savings rate has sunk dangerously low. Why, in the richest nation on earth, can't Americans hold on to their money?
First published in 2008, Stuart Vyse's Going Broke described the epidemic of personal debt that existed in the years leading up to the Great Recession, and anticipated the home mortgage crisis that started it. Ten years later, a fully-updated new edition tackles the post-recession era of economic recovery. Today total household debt has actually surpassed pre-recession levels, and some of the same problems that preceded the crash are back again. But the shape of our troubles has changed: the new face of financial failure features auto repossession, bankruptcy, eviction, wage garnishment, and being sued for unpaid bills. Vyse offers a unique psychological perspective on the financial behavior of the many Americans today who find they cannot make ends meet, illuminating these and other causes of our wildly self-destructive spending habits. But he doesn't entirely blame the victim, arguing instead that the mountain of debt burying so many of us is the inevitable byproduct of America's turbo-charged economy together with social and technological trends that undermine our self-control.
This new edition illuminates everything from the rise of the credit card and ballooning student loan debt, to the expansion of new shopping opportunities provided by social media, revealing how vast changes in American society over the last 40 years have greatly complicated our relationship with money. Vyse concludes with both personal advice for the individual who wants to achieve greater financial stability and with pointed recommendations for economic and social change that will help promote the financial health of all Americans.
First published in 2008, Stuart Vyse's Going Broke described the epidemic of personal debt that existed in the years leading up to the Great Recession, and anticipated the home mortgage crisis that started it. Ten years later, a fully-updated new edition tackles the post-recession era of economic recovery. Today total household debt has actually surpassed pre-recession levels, and some of the same problems that preceded the crash are back again. But the shape of our troubles has changed: the new face of financial failure features auto repossession, bankruptcy, eviction, wage garnishment, and being sued for unpaid bills. Vyse offers a unique psychological perspective on the financial behavior of the many Americans today who find they cannot make ends meet, illuminating these and other causes of our wildly self-destructive spending habits. But he doesn't entirely blame the victim, arguing instead that the mountain of debt burying so many of us is the inevitable byproduct of America's turbo-charged economy together with social and technological trends that undermine our self-control.
This new edition illuminates everything from the rise of the credit card and ballooning student loan debt, to the expansion of new shopping opportunities provided by social media, revealing how vast changes in American society over the last 40 years have greatly complicated our relationship with money. Vyse concludes with both personal advice for the individual who wants to achieve greater financial stability and with pointed recommendations for economic and social change that will help promote the financial health of all Americans.
While major retailers like Amazon may carry Going Broke (Why Americans (Still) Can't Hold On To Their Money), we specialize in bulk book sales and offer personalized service from our friendly, book-smart team based in Portland, Oregon. We’re proud to offer a Price Match Guarantee and a streamlined ordering experience from people who truly care.
We’re trusted by over 75,000 customers, many of whom return time and again. Want proof? Just check out our 25,000+ customer reviews—real feedback from people who love how we do business.
Prefer to talk to a real person? Our Book Specialists are here Monday–Friday, 8 a.m. to 5 p.m. PST and ready to help with your bulk order of Going Broke (Why Americans (Still) Can't Hold On To Their Money).