The Los Angeles Times celebrated the 300 million American milestone with an OpEd piece by JACOB S. HACKER, a professor of political science at Yale University and a fellow at the New America Foundation,
October 22, 2006 entitled "Till Debt do us Part".
He
writes about today's assault on the nuclear familes:
"Families also were more likely to lose their homes than were married couples without children or than single adults — during an era in which foreclosure rates have skyrocketed.
They also were much more likely to be behind on their credit card bills. And they were drowning in debt, with their median debt substantially exceeding their median annual income (according to the Federal Reserve Board's 2004 Survey of Consumer Finances), a level of debt not seen among any other household type."
We point out that financial hardship exacts a toll on the entire family, children and marriage included. When Wrongful Arbitration enters the picture, and can be considered as contributing to pain and suffering, that pain and suffering extends to spouses and children of the cardholder victim.
If you are on the Arbitration mill and feel you may be a victim of Wrongful Arbitration,
we want to hear from you.