I am 30 days old. I’ve already incurred thousands in medical debt, even though I have “good insurance.” My dad was laid off when construction all but stopped in late 2008. He hasn’t been able to find anything more than temp work that pays a third of what he was making. He is now going back to school after more than 10 years. By the time he graduates he will be over $100,000 in debt.
My mom will still be paying on her student loans when I’m in college. Luckily she was able to find a stable, union job with the county and has been able to pay the bills… well most of them.
They bought a small 20-year-old, 2 bedroom house in 2006 only to watch its value drop form 250,000 to 65,000. After hundreds of calls, emails, and faxes to the bank in an attempt to modify the loan, we just received a notice of trustee sale. Our only option is to move in with my grandparents.
This is not the American Dream. It should not be this hard.
I am the 99%
Photo from We Are the 99 Percent