New book “Nickeled & Dimed” – opinions?
Question: I know you mean kindly, but you’re just not in their world.
>There are thousands, if not hundreds of thousands, of people who don’t >have credit cards on which they could borrow a deposit. If you were a >bank, would you issue a credit card to someone who was sleeping in a >cardboard box or a homeless shelter?
>As to relatives from whom they could get a loan, that’s another huge >unknown. Are there any? What are the relationships between them?
>These poor souls are so far out of the mainstream, that it is nearly >impossible for someone like you, suggesting rational decisions in a >helpful way, to put yourself in their place.
Answer: If I remember correctly, this author had a similar article in the New Yorker a couple of years ago. The whole premise of her experiment was to see how reasonable it was to expect the women getting kicked off welfare to be able to make a go of it on their own. She assumed they could only get work as unskilled labor, waitressing or hotel housekeeping, and she tried to survive as they do with no back up help from her bank account or anybody else’s.
Obviously, coming off welfare one would have no savings and either no credit or bad credit. She ended up running herself ragged trying to hold it together, and she didn’t even have any kids to worry about like the rest of the women she encountered…
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