firecat: red panda, winking (Default)
firecat (attention machine in need of calibration) ([personal profile] firecat) wrote2013-05-06 10:16 am

blaming the victim

Someone on FB linked to a post from the blog You Need a Budget (YNAB) (which is a software product). The post is called "15 warning signs you're addicted to debt" and it references Debtors Anonymous and Overeaters Anonymous. The post said this:
"Whenever I see an overweight person, I automatically assume they’re seriously in debt. Probably just a case of projection – but probably not far from true."

(I'm not linking to the blog but with that info you can probably find the post.)

My thought on the matter:

In fact the person might be right that fat people are more often in debt simply because fatness is associated with poverty, and if you're poor it's a lot harder to stay out of debt because you don't have the resources to deal with emergencies.

There is another connection between debt and fat: both are assumed to be caused by the behaviors of the individual and are assumed to be the sole responsibility of the individual to fix. But both actually have a lot to do with what the individual was handed in life—in the case of fat, genetics and the pressure to yo-yo diet can contribute; in the case of debt, socioeconomic status, and a society that increasingly preys on poor people and conspires to keep them in debt. (See http://strikedebt.org)
johnpalmer: (Default)

[personal profile] johnpalmer 2013-05-06 11:33 pm (UTC)(link)
Some people undoubtedly got a home loan because they were afraid of being permanently shut out of the market, and felt that the housing prices would continue to rise. And a great many people - minorities, especially - thought they were taking out standard loans and were given subprime loans instead. (In many cases, they *did* qualify for conventional loans.)

I can't say whether some form of bailout should be given, but changing bankruptcy law to prevent foreclosure when doing so doesn't harm the lender would have been nice. (e.g., if a person owes $150k on a house that won't sell for more than $100k, if the loan is modified to $100k, the bank doesn't lose anything.)