#broken-systems

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Passing the Buck: Why We Pay More But Make LessPart 5: The Auto Trap

Forced to Buy What You Can’t Afford Jennifer lives in Phoenix, Arizona. She’s a single mom with two kids, works as a pharmacy technician, makes $42,000 a year. Her shift starts at 7 AM at a CVS 8.5 miles from her apartment. She doesn’t own a car by choice. She owns a car because there is literally no other way to get to work. Let’s map her commute: By car: 8.5 miles, 14 minutes By public…

Passing the Buck: Why We Pay More But Make LessPart 5: The Auto Trap

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Passing the Buck: Why We Pay More But Make Less. Part 4: Credit Cards

The Debt Trap Jason is a high school teacher in Arizona. He makes $48,000 a year, which is about what teachers make there. He’s 32, married, has a two-year-old daughter. His wife works part-time as a medical records clerk, bringing in another $22,000. Combined household income: $70,000. They’re not living extravagantly. They rent a two-bedroom apartment. They drive used cars. They don’t take…

Passing the Buck: Why We Pay More But Make Less. Part 4: Credit Cards