[Marxism] The Great Affordability Crisis Breaking America - The Atlantic

Louis Proyect lnp3 at panix.com
Sat Feb 8 06:49:03 MST 2020

Viewing the economy through a cost-of-living paradigm helps explain why 
roughly two in five American adults would struggle to come up with $400 
in an emergency so many years after the Great Recession ended. It helps 
explain why one in five adults is unable to pay the current month’s 
bills in full. It demonstrates why a surprise furnace-repair bill, 
parking ticket, court fee, or medical expense remains ruinous for so 
many American families, despite all the wealth this country has 
generated. Fully one in three households is classified as “financially 


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