(Not So) Personal Debt
Historian Louis Hyman talks about the structural changes that led to record levels of personal debt in the late 20th century. It’s not that Americans are more willing to go into debt than they used to be, he says, but rather that they are no longer able to pay that debt off.
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Excerpted from: I Owe, I Owe: Debt in America
Podcast: Play in new window | Download
1 Response
Trackbacks & Pingbacks
-
I Owe, I Owe: Debt in America | BackStory With The American History Guys :
[...] (Not so) Personal Debt Louis Hyman talks about the structural changes that led to record levels of personal debt in the late 20th century. It’s not that Americans are more willing to go into debt than they used to be, he says, but rather that they are no longer able to pay that debt off. [...]
Quote -- September 22, 2010 @ 10:15 am
