| Notes | Emmy-winning journalist Danny Schechter investigates America's mounting debt crisis. Many Americans are "maxing out" on credit cards, living beyond their means, and are unable to make the minimum monthly payments. While they struggle to manage their debt, there is a much deeper story at work: power is shifting into fewer hands with frightening consequences. Schechter exposes the hidden financial and political complex that allows the lowest wage earners to indebt themselves so heavily that even house repossessions are commonplace - dubbed "21st century serfdom" by an expert featured in the film.
Inspired by scholar Robert Manning's book Credit Card Nation, this film showcases his insights about the impact on young people and our society. It also suggests the kinds of practical efforts needed to empower the public with information to avoid the traps of debt and dependency. |
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