Title

The Consumer Debt Crisis and the Reinforcement of Class Position

Document Type

Article

Publication Date

2009

Abstract

Consumers are indebted to a degree never before seen in history. While consumer over-indebtedness has been many years in the making, only recently has this crisis attracted widespread public attention. The precipitous collapse of iconic financial institutions and the corresponding seizure of the financial markets in the United States, for the first time, have drawn widespread public attention to the operation of the financial system and its connection to and relationship with consumer debt.

Publication Title

Loyola University Chicago Law Journal

Volume

40

Article Number

1019

First Page

557