debt

6 articles
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My Misspent Youth

Life and debt as a young writer in New York.

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Horserace

Deep in debt, a man makes a large racetrack wager and recalls his history of gambling.

"I lean in to the betting window and tell her I want a grand on my horse. She looks shocked at first. She knows it’s a bet I shouldn’t be making, a bet I can’t afford, but she doesn’t know I’m running out of options. If I can’t come up with some serious cash soon, my number’s up. She types in some information but it seems to take her longer than usual."

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The Town That Turned Poverty Into a Prison Sentence

In Harpersville, Alabama, a traffic violation can lead to months in jail and a never-ending stint in a work-release program – what some refer to as a modern-day debtors’ prison.

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Ripping Off Young America: The College-Loan Scandal

“The dirty secret of American higher education is that student-loan interest rates are almost irrelevant. It’s not the cost of the loan that’s the problem, it’s the principal – the appallingly high tuition costs that have been soaring at two to three times the rate of inflation, an irrational upward trajectory eerily reminiscent of skyrocketing housing prices in the years before 2008.”

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Crushing Debt Drove Me to Kosovo — And Then to Iraq

On working in a war zone to pay the bills.

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Beware of Greeks Bearing Bonds

Riots in Athens, the shadowy Vatopaidi monastery, and a quarter million dollars in debt for every citizen. Welcome to Greece.