Q. You mentioned the precarious jobs and low wages. An example of that is a much praised film in the UK, titled “Sorry We Missed You”, a story about a man who starts working as a deliveryman in one of the new businesses such as Amazon, Uber… What ‘curses’ come with these new types of jobs linked to mobile phone ‘apps’ and the new ‘needs’ of costumers to have everything as fast and as cheap as possible?

A. Yes, it has been very interesting in the last decade that the combination of the new technologies that developed, especially smartphone apps, and that high unemployment at the beginning of the decade following the financial crisis, created the perfect conditions for what we call the ‘gig economy’ to emerge.

This form of capitalism, if you like, has developed where we have a cultural individualism and a market economy; but the consumer’s choice and freedom are becoming the most important thing of all. So we have 24/7 shopping, and somehow, we accept the ‘curse’ zero-hours contracts. And people who have to deliver this service are people we don’t really see, that are kind of invisible and anonymous. They are working having very anti-social hours and often not given much advance warning, only one day or two before they are told when they can work. This makes the worker in this ‘gig economy’… Well, it is a new kind of oppression, to be honest.

The loss of rights, the loss of freedom, especially for family relationships which came out in the film, is a very high price to pay for this new kind of consumerism – the new way we do buying and selling. So yes, it is something we should look out very critically.

Read it all.

Discussing biblical mandate for city transformation. Seminar happening now with our Director, Jonathan Tame #MDUK17 pic.twitter.com/T6iu4bDidr

— Jubilee Centre (@JubileeCentre) October 6, 2017

In the 2010s, the national unemployment rate dropped from a high of 9.9 percent to its current rate of just 3.5 percent. The economy expanded each and every year. Wages picked up for high-income workers as soon as the Great Recession ended, and picked up for lower-income workers in the second half of the decade. Americans’ confidence in the economy hit its highest point since 2000, right before the dot-com bubble burst. The headline economic numbers looked good, if not great.

But beyond the headline economic numbers, a multifarious and strangely invisible economic crisis metastasized: Let’s call it the Great Affordability Crisis. This crisis involved not just what families earned but the other half of the ledger, too—how they spent their earnings. In one of the best decades the American economy has ever recorded, families were bled dry by landlords, hospital administrators, university bursars, and child-care centers. For millions, a roaring economy felt precarious or downright terrible.

Viewing the economy through a cost-of-living paradigm helps explain why roughly two in five American adults would struggle to come up with $400 in an emergency so many years after the Great Recession ended. It helps explain why one in five adults is unable to pay the current month’s bills in full. It demonstrates why a surprise furnace-repair bill, parking ticket, court fee, or medical expense remains ruinous for so many American families, despite all the wealth this country has generated. Fully one in three households is classified as “financially fragile.”

Read it all.

How to accurately describe what’s going on in the economy — from the perspective of the people who will decide the 2020 election — has eluded most of the people writing about the economy.

But not @AnnieLowrey — this is a great piece:https://t.co/U3mfOwAGSX

— Ronald Klain (@RonaldKlain) February 9, 2020

Americans’ views on their personal financial situation have been climbing since 2018 and are now at or near record highs in Gallup’s trends. Nearly six in 10 Americans (59%) now say they are better off financially than they were a year ago, up from 50% last year.

These data come from Gallup’s annual Mood of the Nation survey, conducted Jan. 2-15. The survey was completed after months of historically low levels of unemployment and as the Dow Jones Industrial Average neared the 30,000 mark for the first time.

The current 59% of Americans who say they are better off financially than they were a year ago is essentially tied for the all-time high of 58% in January 1999. That was recorded during the dot-com boom, with conditions similar to the current state of the economy — a stock market rocketing to then-record highs and unemployment at multidecade lows — though GDP growth was higher at that time.

From 1998 to 2000, at least half of Americans rated their financial situation better than that of a year ago. However, in most surveys from 2001 to 2018, the percentage saying their personal finances were better off than the previous year was under 50% — with a low of 23% in May 2009, during the Great Recession.

Read it all.

The latest @GallupNews poll is stunning. 74% of Americans feel they will be better off next year, just 12% say worse off. Most optimistic number since poll started in 1977. Includes 76% of Independents and 60% of Democrats.https://t.co/Elo73uMmkl pic.twitter.com/1bSSl87775

— Steve Krakauer (@SteveKrak) February 6, 2020

The Bishop of St Albans, Dr Alan Smith, has welcomed an announcement from the Gambling Commission that consumers will no longer be able to use credit cards to gamble from April 2020.

“This marks a significant step in progressive policy-making, reducing the risks to gamblers,” he said, following the announcement.

“For too long people have been vulnerable through gambling with money they don’t have, using credit cards, additionally incurring the costs of borrowing alongside any losses.

“I have been calling for this change as consultation turned into consultation, while gamblers were facing the consequences of delay.

Read it all.

A record 25% of Americans say they or a family member put off treatment for a serious medical condition in the past year because of the cost, up from 19% a year ago and the highest in Gallup’s trend. Another 8% said they or a family member put off treatment for a less serious condition, bringing the total percentage of households delaying care due to costs to 33%, tying the high from 2014.

Gallup first asked this question in 1991, at which time 22% reported that they or a family member delayed care for any kind of condition, including 11% for a serious condition. The figures were similar in the next update in 2001, and Gallup has since asked this question annually as part of its Health and Healthcare poll. This year’s survey was conducted Nov. 1-14.

Americans’ reports of family members delaying any sort of medical treatment for cost reasons were lower in the early to mid-2000s when closer to a quarter reported the problem. Since 2006, the rate has averaged 30%.

The pattern is similar for the subset of Americans postponing medical treatment for a serious condition. The rate rose from 12% in 2001 to an average of 19% since 2006. However, the current 25% is the highest yet, exceeding the prior high-point of 22% recorded in 2014.

Read it all.

“A third of U.S. adults say their family couldn’t afford care in past year | One in four say care was deferred for a serious medical condition” https://t.co/ya0Mj6y2fS

— Healthcare Advocate (@ClaudiaNichols) December 11, 2019

Several years ago, Anne Stuhldreher rolled through a stop sign in San Francisco and got a ticket. That kind of infraction costs $238 or more in California. The price shocked Stuhldreher, who knew that many families living in San Francisco—rated one of the most economically unequal cities in the US—don’t have a few hundred dollars to spare.

After Stuhldreher got her ticket, she thought about the way that the fee would impact different people in the community differently. “If someone who is a daycare worker in my neighborhood got that ticket, it would be very different than someone who works at a tech company.” Stuhldreher, who has long worked on addressing the financial issues facing low-income residents, started digging into these questions.

Around this time, new research was demonstrating the impact of fines and fees on low-income people across the country. The problem isn’t isolated in San Francisco: a 2016 survey by the finance website Bankrate showed that 63 percent of Americans don’t have enough money saved to cover a $500 emergency. That is nearly the cost of a ticket for running a red light in California.

In its 2015 report on Ferguson, Missouri, in the aftermath of the police shooting of Michael Brown, the US Department of Justice showed that aggressive law enforcement in low-income communities of color was being used to generate revenue. People’s inability to pay for minor offense tickets could have major ramifications on their live, forcing them to go into debt, lose a driver’s license or a job, or even end up in jail.

Stuhldreher calls it the “spiral of despair.” A person gets a traffic ticket for a few hundred dollars. Unable to pay the fine, she misses the deadline for payment, and the ticket starts accruing late fees and creates a debt that hangs over her head. The city sends the ticket to the collections department, and now her credit is damaged, so that the next time she tries to rent an apartment, her application is rejected.

Read it all.

At 2 a.m. on Oct. 17, Helen Ramos tried to wake up her son, Michael Bowen. Something about the 37-year-old looked strange.

Ramos, 65, uses a wheelchair, and running errands can be a struggle. The day before, Bowen had gone grocery shopping for her. Later, Ramos pleaded with him to spend the night at her house in Milford, Connecticut. It was raining heavily and she wanted him to be safe, but now she couldn’t get him to rise.

Bowen had died in his sleep, from either medical or drug complications. He had suffered from drug addiction since he was 13.

Bowen’s death threw his family into grief — and a financial problem. Neither his four older siblings nor his parents had enough savings to come up with the $10,000 it would cost for a funeral and burial at Keenan Funeral Home in West Haven, Connecticut.

Read it all.

Deaths are often unexpected, and expensive. As the cost of dying rises, more families are turning to crowdfunding for funerals expenses. https://t.co/AEEnKA44Ve

— CNBC (@CNBC) December 9, 2019

But while his family, and his physician, agree on the need for more advanced care, his health insurers do not.

Medicare does not generally cover long-term nursing home care. Medicaid does, but only when it deems those services “medically necessary” — and that determination is made by insurance agents, not by the patient’s doctors. The state of New Jersey, where my parents live, recently switched to a managed care system for its elderly Medicaid recipients. Instead of paying directly for the care that this patient population needs, the state pays a fixed per-person amount to a string of private companies, who in turn manage the needs of patients like my father. On paper, these companies cover the full range of required offerings: nursing homes, assisted-living facilities and a suite of in-home support services. In practice, they do what most insurance companies seem to do: obfuscate and evade and force you to beg.

When I told my father’s care coordinator what his doctor said, she was unequivocal. “He is not even close to qualifying,” she said. “He’s only 78, and he can still walk and wash and dress himself without assistance.”

I countered that he had “bathroom issues” and that he frequently refused to shower.

“Refusing to do something is not the same as being physically incapable of doing it,” she said.

Read it all.

About four million Americans already live with dementia. Medicare doesn’t cover long-term care. Medicaid does, but it’s super tricky, and most don’t get even close to what the docs say they need in terms of support: https://t.co/HmKOvHdSmS

— Jeneen Interlandi (@JInterlandi) December 1, 2019

The nonprofit RIP Medical Debt buys up and forgives medical debt using donations — with much of those funds coming from faith-based organizations. Kyra Taylor was overwhelmed with medical debt until Vineyard Church of Ann Arbor stepped in. She had an emotional reunion with the congregation that saved her life, calling their intervention a “miracle.”

Watch it all.

For Chicagoans struggling to make ends meet, the daily act of checking the mail can be anxiety-inducing. Aside from birthday cards and holiday letters, there isn’t often much good news, but there never seems to be any shortage of bills or debt collection attempts.

Soon, when bright yellow envelopes appear in thousands of mailboxes around Cook County with the words “RIP Medical Debt” on each one, recipients might assume it’s yet another bill. In reality, those envelopes contain the opposite, a potentially life-changing gift.

A network of area churches this summer banded together to take on the debt collection system that profits “on the backs of poor people”; to help restore bad credit marred by medical debt; and to inspire joy, said the organizers, the Rev. Otis Moss III and the Rev. Traci Blackmon. As a result, Moss said they’ve wiped out more than $5.3 million in medical debt, and they soon plan to send letters to nearly 6,000 Cook County residents with a no-strings-attached message: “May you have a beautiful, wonderful holiday. Your debt has been forgiven. Enjoy Thanksgiving.”

Read it all.

Though churches have always given back to members of their own congregations, one of the unique parts of this program is that church membership, or even belief in God, is not necessary, nor is there a campaign goal beyond extending kindness.https://t.co/njMhyUWjkc

— JAB II (@j_boyd_ii) October 20, 2019

Brooklyn’s Prospect Park is dog heaven. On sunny Saturday mornings, the park’s open green space, Long Meadow, fills with hundreds of canines frolicking during off-leash hours. The dogs’ owners hover nearby like watchful parents who, when playtime ends, head over to the nearby farmers’ market or go out for brunch. Later in the day, they might make time for doggie yoga or the pet bakery before coming home to their pet-friendly apartment buildings, many featuring dog baths and groomers.

Roughly 600,000 dogs live in New York City, along with half a million cats. About half of U.S. households own a pet, which adds up to at least 77 million dogs and 54 million cats. Generationally, millennials are the most enthusiastic pet owners, with some 70 percent boasting of having at least one pet.

What you’re less likely to see, especially in America’s largest cities, are children. Pets are now more common than kids in many U.S. cities. San Francisco, for example, is home to nearly 150,000 dogs but just 115,000 children under age 18. Farther north, Seattle has more households with cats than with kids. Nationwide, pets outnumber children in apartment buildings. In New York neighborhoods like Long Island City and Williamsburg, wealthy singles have the highest number of pooches per capita.

In a recent Atlantic essay, Derek Thompson wrote about how “America’s urban rebirth is missing a key element: births.” Manhattan’s infant population is projected to halve in 30 years. High-density cities are losing families with children over age six, while growing their populations of college-educated residents without children. Indeed, the share of children under 20 living in big cities has been falling for 40 years.

Young professionals’ four-legged friends have replaced those babies.

Read it all.

Are Cities Going to the Dogs? Millennials favor pet ownership over children in America’s increasingly unaffordable cities. https://t.co/WzshhqNff1 via @michael_hendrix pic.twitter.com/BLKXdV7iX2

— City Journal (@CityJournal) October 9, 2019

Anglicare Australia called for Centrelink’s Robodebt system to be suspended at a Senate committee hearing today.

“The Robodebt system has no human oversight – and it puts the onus onto ordinary people to correct robotised mistakes,” said Anglicare Australia Executive Director Kasy Chambers.

“The Government has already admitted that the system that has saddled people with tens of millions of dollars in false debt. But that is just the tip of the iceberg.

“Many people are simply paying these false debts instead of challenging them. In other cases, the debts are so old that the records to contradict them no longer exist.”

Read it all.

Hundreds of clergy are in financial hardship, with some resorting to credit cards or even a high-interest payday lender, despite the Church of England sitting on a multibillion-pound investment fund.

Some vicars are tens of thousands of pounds in debt, with many struggling to survive – especially those supporting families – and relying on charity handouts to make ends meet, the Guardian has learned.

Clergy Support Trust – a centuries-old charity which supports destitute Anglican vicars, assistant or associate priests, curates-in-training and chaplains – gave £1.8m worth of grants to 459 clergy last year.

Analysis last year found that 217 individuals who had applied to the charity for help had personal unsecured debts of £5,000 or more, totalling nearly £3m. The figures, based on a combination of grant application data over a 20-month period, do not include mortgages or student loans. Of the 217, 41% had debts of between £5,000 and £10,000, 44% between £10,000 and £20,000, and 15% over £20,000. Four applicants had debts in excess of £50,000.

Read it all.

Exclusive: Hundreds of clergy in financial hardship with some forced to resort to desperate measures such as using high-interest payday lender or racking up credit card bills – despite the Church of England sitting on a multi-billion pound investment fund. https://t.co/FnrFEa6FAX

— Simon Murphy (@murphy_simon) September 6, 2019

The American middle class is falling deeper into debt to maintain a middle-class lifestyle.

Cars, college, houses and medical care have become steadily more costly, but incomes have been largely stagnant for two decades, despite a recent uptick. Filling the gap between earning and spending is an explosion of finance into nearly every corner of the consumer economy.

Consumer debt, not counting mortgages, has climbed to $4 trillion—higher than it has ever been even after adjusting for inflation. Mortgage debt slid after the financial crisis a decade ago but is rebounding.

Read it all.

“American middle class is falling deeper into debt to maintain a middle-class lifestyle…Non-housing consumer debt surged by $1 trillion in real terms between 2013 and 2019 while housing debt increased by just half that” https://t.co/1nfRk5q13l pic.twitter.com/HDCb4N8zjw

— Trevor Noren (@trevornoren) August 1, 2019

Read it all.

Research on the impact of the two-child limit in tax credits and universal credit, conducted by the @CPAGUK and the Mission and Public Affairs Council of the Church of England, is published today.

Learn more: https://t.co/NJpCEE65ae pic.twitter.com/W9WpKrHzU3

— The Church of England (@churchofengland) June 26, 2019

After years of strong growth, total charitable giving rose just 0.7% in 2018, according to a new report on philanthropy by Giving USA. When adjusted for inflation, total giving declined 1.7%.

Last year was the first time the impact of the new tax law, which eliminated or sharply reduced the benefits of charitable giving for many would-be donors, could be measured.

Altogether, individuals, bequests, foundations and corporations donated an estimated $427.71 billion to U.S. charities in 2018, Giving USA said. But giving by individuals fell, while contributions from foundations and corporations rose.

“We certainly do have a pretty stark picture that tax reform took effect and charitable giving declined,” said Laura MacDonald, the president of Benefactor Group and vice chair of the Giving USA foundation board. However, a volatile stock market, which took a dive near the end of the year, may have also played a role, she said.

Read it all.

GOP tax law dis-incentivized charitable giving // Charitable contributions take a hit following tax reform https://t.co/HfEUsTptpp

— Thomas S. Kidd (@ThomasSKidd) June 18, 2019

The House of Lords probe will look in particular at the effect of online gambling on society and the ‘gamblification’ of sport. It will also consider whether participation in lotteries can push people towards gambling problems.

The panel into the ‘social and economic impact of gambling’ will be chaired by Lord Grade, chairman of the BBC between 2004 and 2006 and now a Tory peer. It follows a report by the Institute of Public Policy Research think-tank, which found the cost of problem gambling to the Government could be as much as £1.2 billion a year.

The report said problem gambling may impose health costs through pressure on mental health services, welfare and employment costs through Jobseeker’s Allowance, housing costs and criminal justice costs. It said the impact on families can be devastating.

Read it all.

Gambling to be put under the microscope by the Lords as the Special Inquiry membership is approved, with former BBC boss Michael Grade chairing.

It follows the Bishop of St Albans successfully applying for for the committee to be established last year. https://t.co/7mxfUrVjKo

— Charles White (@charleswhite3) June 14, 2019

Religious organizations where members help pay each other’s medical bills have grown from niche insurance alternatives to operations bringing in hundreds of millions of dollars, an increase that is also driving more consumer complaints and state scrutiny.

More than a million people have joined the groups, known as health-care sharing ministries, up from an estimated 200,000 before the Affordable Care Act, which granted members an exemption from the law’s penalty for not having health insurance. The organizations generally provide a health-care cost-sharing arrangement among people with similar religious beliefs, and their cost is often far lower than full health insurance.

Health-care sharing ministries, religious groups that provide an alternative to health insurance, are growing rapidly but remain largely unregulated https://t.co/aAGusNrRHS via @WSJ

— Anna Mathews (@annawmathews) June 10, 2019

He pointed to a “woefully unprepared” U.S. population.

“In the decades to come, we will witness millions of elderly American’s, Baby Boomers and others, slipping into poverty.” he said in a podcast this week with the Peak Prosperity blog. “‘Too frail to work, too poor to retire’” will become the new normal for many elderly Americans.”

Siedle threw out some startling numbers to show just how much pensions are underfunded, a pervasive problem made worse by their inability to reach performance targets, which is typically set around 7%.

“Warren Buffett BRK.A, +1.41% himself has said that is an unrealistic return,” Siedle said in the interview. “Wall Street’s solution to every investor problem is, and will always be, pay us more fees.”

Investors then pay those higher fees for “ever riskier rolls of the dice,” in an effort to chase returns, which “has resulted, predictably, in worse performance.”

Read it all.

“‘Too frail to work, too poor to retire’” will become the new normal for many elderly Americans.” https://t.co/9RCCLyyP73

— Retirement 360 (@Retirement_360) April 13, 2019

Britain’s housing crisis is one of the major challenges facing this country.

Housing is becoming unaffordable for many families, making it hard for those on lower incomes to get through the month and pushing them into debt. People are living in poor quality, over-crowded or temporary housing, putting their health at risk. Families are forced to move away from the communities they have settled in, separating them from family and support networks and breaking up communities.

Meanwhile it’s the poorest who are suffering the most. It’s those with least who find themselves isolated, or having to move every time they start to get established. The stress piles up in ways many of us would find hard to imagine.

That is why I’m so pleased to be launching the Archbishop of Canterbury’s Commission on Housing, Church and Community. The commission will explore these issues by combining academic and industry expertise with the lived experience of those affected by them. It will draw on the wisdom of those taking innovative approaches to housing.

The Church of England is already doing much to alleviate current suffering and build better communities. We do this every day through our 33,000 social action projects around the country – from food banks and debt counselling, to helping people of different faiths build bonds of friendship. But we also do it just by being in contact with people; by simply being there.

Read it all.

Staff members gasped four years ago when Dan Price gathered the 120 employees at Gravity Payments, the company he had founded with his brother, and told them he was raising everyone’s salary to a minimum of $70,000, partly by slashing his own $1.1 million pay to the same level.

The news went viral and provoked a national debate about whether efficient capitalism could have a heart. Some Americans lauded Price for treating employees with dignity. However, on Fox Business he was labeled the “lunatic of all lunatics,” and Rush Limbaugh declared, “I hope this company is a case study in M.B.A. programs on how socialism does not work, because it’s going to fail.”

So I came to Seattle to see what had unfolded: Did Gravity succeed or crash?

There were bumps, no doubt about it. A couple of important employees quit, apparently feeling less valued when new hires were close to them in pay. The publicity forced Gravity, which processes credit card payments for small businesses, to hire additional people to handle a deluge of inquiries. Worst of all, Price’s brother, who owned a stake in the company, sued and alleged that Price hadn’t consulted him on decisions.

For a while, it wasn’t clear that the gamble was going to pay off.

But eventually it did: Business has surged, and profits are higher than ever. Gravity last year processed $10.2 billion in payments, more than double the $3.8 billion in 2014, before the announcement. It has grown to 200 employees, all nonunion.

Read it all.

A small Seattle company shows that capitalism can have a heart. https://t.co/pmGpeuY6Iv

— Daan Diederiks (@daandiederiks) March 31, 2019

A teenage girl who did not play soccer magically became a star soccer recruit at Yale. Cost to her parents: $1.2 million.

A high school boy eager to enroll at the University of Southern California was falsely deemed to have a learning disability so he could take his standardized test with a complicit proctor who would make sure he got the right score. Cost to his parents: at least $50,000.

A student with no experience rowing won a spot on the U.S.C. crew team after a photograph of another person in a boat was submitted as evidence of her prowess. Her parents wired $200,000 into a special account.

In a major college admissions scandal that laid bare the elaborate lengths some wealthy parents will go to get their children into competitive American universities, federal prosecutors charged 50 people on Tuesday in a brazen scheme to buy spots in the freshmen classes at Yale, Stanford and other big name schools.

Read it all.

Federal authorities charged 50 people in what the Justice Department is calling the largest college admissions scandal it has ever prosecuted.

Here’s a full list of the people who have been charged. https://t.co/2v85gVwYyz

— The New York Times (@nytimes) March 12, 2019

In June, Natalee King and her husband, Jonathan, realized a decade-long dream of buying a home in Orange County, California, one of the more expensive housing markets in the country.

The couple drained their savings for a down payment to win the fixer upper.

But concerned about the cost of future repairs and compelled to rebuild their savings, they decided to rent out the master bedroom with its own bathroom for $1,250. From September through January, two college students on internships leased the space.

That rent money gave the Kings a bit of relief, and they’re looking for more.

They just signed another renter who is expected to move in at the end of the month. They plan to rent for at least a year to steady their finances as Jonathan goes back to school for a career change.

Read it all.

Darlene Hardison would have loved to have a funeral for her father and uncle and bury them in marked graves at a Michigan cemetery. But she and her family could come up with only enough money to have Hoover Heags and Arthur Hardison cremated, then they left the remains to a Detroit funeral home to bury.

Authorities later discovered Heags’ and Hardison’s cremated remains among nearly 300 others in bags, boxes and other containers inside Cantrell Funeral Home, one of two Detroit funeral homes police and state licensing officials are investigating for allegedly improperly storing remains. Heags had died about a year earlier; Hardison had been dead for about two years.

“The funds were limited … to paying house bills and we just didn’t have the money to cover everything we needed,” Darlene Hardison said at a cemetery where a memorial service was held for some of the people whose cremains authorities found in the now-closed Cantrell Funeral Home on Detroit’s east side. “We were just able to do a cremation and that was it,” Hardison said, wiping away tears.

Hardison’s story illustrates how the funeral homes now under scrutiny may have ended up having so many remains and why it is that families didn’t notice. Many poor families in the U.S. have been priced out of funerals and burials. People who can’t afford those services are left with the cheapest option: cremating their loved one’s remains and leaving it to a funeral home to dispose of them. Others may simply abandon relatives’ remains altogether, leaving it to coroners and funeral homes to pay for cremation and disposal.

Read it all.

THE BISHOP of Durham, the Rt Rev Paul Butler, has welcomed Amber Rudd’s announcement that the government will not extend the two-child limit on Universal Credit for children born before April 2017.

New changes also include pressing ahead with a pilot to support 10,000 people from ‘legacy benefits’ on to Universal Credit in a test and learn approach.

Bishop Butler, who speaks for the Church of England on issues relating to children and young people, said: “As a just and compassionate society, we believe that every child is a blessing and deserves to be treated equally.

“So I very much welcome the announcement that the two-child limit policy will not be extended to children born before the policy came into effect in April 2017.

“I also welcome the Government’s mor

Read it all.

[Jamie] Tillman told me that she thought she had no choice but to plead guilty — it was unlikely, she believed, that the judge would take her word over that of the arresting officers. “I admit, your honor,” she said. “I just want to get me out of here as soon as possible.” Under Mississippi state law, public intoxication is punishable by a $100 fine or up to 30 days in jail. Ross opted for the maximum fine. Tillman began to cry.

The Federal Reserve Board has estimated that 40 percent of Americans don’t have enough money in their bank accounts to cover an emergency expense of $400. Tillman didn’t even have $10. She couldn’t call her family for help. She was estranged from her father and from her mother, who had custody of Tillman’s two young daughters from a previous relationship.

“I can’t — ” Tillman stammered to Ross. “I can’t — ”

Ross explained the system in his court: For every day a defendant stayed in the Alcorn County jail, $25 was knocked off his or her fine. Tillman had been locked up for five days as she awaited her hearing, meaning she had accumulated a credit of $125 toward the overall fine of $255. (The extra $155 was a processing fee.) Her balance on the fine was now $130. Was Tillman able to produce that or call someone who could?

“I can’t,” Tillman responded, so softly that the court recorder entered her response as “inaudible.” She tried to summon something more coherent, but it was too late: The bailiff was tugging at her sleeve. She would be returned to the jail until Oct. 14, she was informed, at which point Ross would consider the fine paid and the matter settled.

That night, Tillman says, she conducted an informal poll of the 20 or so women in her pod at the Alcorn County jail. A majority, she says, were incarcerated for the same reason she was: an inability to pay a fine. Some had been languishing in jail for weeks. The inmates even had a phrase for it: “sitting it out.” Tillman’s face crumpled. “I thought, Because we’re poor, because we’re of a lower class, we aren’t allowed real freedom,” she recalled. “And it was the worst feeling in the world.”

Read it all.

In Sunday’s @NYTmag, I’ve got a long feature about the criminalization of poverty in the US, and the fines and fees that help trap poor Americans in unbreakable cycles of debt. This is a big problem already; unfortunately, it’s likely going to get bigger: https://t.co/VgU5lIXI61

— Matthew Shaer (@matthewshaer) January 8, 2019

It is likely to be the happiest day of your life, but it also guaranteed to be the most expensive.

The average wedding in the UK now costs £30,355, an all-time high, with couples across the UK willing to splurge saying ‘I do’.

Now a church in Cheshire is offering couples the chance to have a wedding for just a fraction of the usual cost.

St John’s Church in Hartford, near Northwich, is recognising the huge expense couples face as they enter married life and offering an affordable alternative.

Dubbed ‘A Grand Wedding’, for just £1,000, a handful of lucky couples will be be given use of the venue, organist, a two-tier personalised wedding cake, invitation and service stationary, a photographer and flowers.

Also included in the package is a catered reception in the church centre for up to 30 guests including a two course meal, with the option to add a further 20 guests for an additional amount.

Read it all.

A church is offering couples the chance to have a wedding for a fraction of the usual cost https://t.co/JlJMFWdoju

— Manchester News MEN (@MENnewsdesk) January 7, 2019

• Two in five – or 40% – of older workers and their spouses will be downwardly mobile in retirement.

• If workers ages 50-60 retire at age 62, 8.5 million people are projected to fall below twice the Federal Poverty Level, with retirement incomes below $23,340 for singles and $31,260 for couples.

• 2.6 million of 8.5 downwardly mobile workers and their spouses will have incomes below the poverty level – $11,670 for an individual and $15,730 for a two-person household….

Read it all.

For those who are in or nearing #retirement, please remember to consult your financial advisor if you have any questions or concerns about the 2.8% increase in social security checks https://t.co/9E4PopLmh8

— David Stone (@ThePowerofaPlan) November 15, 2018

Craig Antico co-founded RIP Medical Debt, a non-profit that buys up batches of overdue medical bills, erasing $120 million in debt for 60,000 patients so far.

Read it all.