With just $0.05 a day, this Blueprint will make us strong, firm warriors in the battle to end poverty-->

Truth is in favor of you and me; for the truth of our enemies whom we have been serving here in the U.S.A. for over 400 years (whom we did not know to be our enemies by nature) is the truth that the Black Man must have knowledge of to be able to keep from falling into the deceiving traps that are being laid by our enemies to catch us in their way which is opposed to the way of righteous of whom we are members. ~ The Honorable Elijah Muhammad

Tuesday, September 16, 2014

Millions Of Americans, 1 in 10, Are Getting Their Wages Seized. #wagegarnishment #MedicalDebt #inequality #WageGap #incomeinequality

Millions of Americans are still grappling with debt they've accumulated since the recession hit. And new numbers out Monday show many are having a tougher time than you might think.

One in 10 working Americans between the ages of 35 and 44 are getting their wages garnished. That means their pay is being docked — often over an old credit card debt, medical bill or student loan.

That striking figure comes out of a collaboration between NPR and ProPublica. The reporting offers the first available national numbers on wage garnishment.  : NPR

Also read:

With Debt Collection, Your Bank Account Could Be At Risk : NPR

This week, NPR and ProPublica are reporting on a striking change in the way debt collectors pursue people in this country. On the heels of the worst recession in generations, 1 in 10 working Americans between the ages of 35 and 44 is getting his or her wages garnished. That means their pay is being docked — often over an old credit card debt, medical bill or student loan.

But just how much money can collectors legally seize from people's wages and bank accounts? The answer is more than you might think.

In about half the states in the country, collectors can seize 25 percent of your paycheck. In all but a handful of states, they can take everything in your bank account.

Unseen Toll: Wages of Millions Seized to Pay Past Debts - ProPublica

A new study provides the first-ever tally of how many employees lose up to a quarter of their paychecks over debts like unpaid credit card or medical bills and student loans.

America's Poor, Deeper in Debt Than Ever - Bloomberg View

U.S. consumers have made a lot of progress in paring down the extreme debt loads that helped make the 2008 financial crisis such an epochal disaster. Fresh data from the Federal Reserve, though, offer an important caveat: Millions of the poorest families are still very deep in the hole -- and might be getting deeper.

The triennial Survey of Consumer Finances, released by the Fed last week, confirms an overall improvement in the state of U.S. household finances. The average debt burden for all families stood at about 105 percent of pretax income in 2013, down from about 125 percent in 2010 and the lowest level since the 2001 survey.

US wealth gap putting the squeeze on state revenue - Yahoo News

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