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You aren't convicted to bankruptcy, that would be too nice if it were just that. In reality no work = no income = evicted or foreclosed and kicked out on the s

You aren't convicted to bankruptcy, that would be too nice if it were just that. In reality no work = no income = evicted or foreclosed and kicked out on the street with no belongings = no permanent address = no way to pass a job interview or get a job = no way to survive and get back to where you were. There are certain cliffs in American society where if you fall off you will almost certainly never get back on top without someone stepping in and giving you direct support.

screye 4y ago
Note that this problem also ties into American (really post WW2) cultural expectations, which are completely out of sync with the rest of the world. In the rest of the world, you either have a social-safety net from your community of your govt. Somehow, America has neither. In the rest of the world, if you lose your job -> you move back in with your parents. In completely individualistic societies -> your govt. provides welfare by taxing the generation with wealth (your parents generation, ie. Age. 50+ people) ___ On the contrary, America allows the age 50+ homeowners to place unprecedented restrictions on housing stock, further increasing their wealth while paying a minority of taxes (prop 13). At the same time, it's the generation that 'kicks their child out at 18', in an era when gas, infrastructure maintenance, university & housing are no longer 'practically free'.