The New (Suburban) Homeless: How Foreclosures and the Great Recession Have Impacted American Families
APRIL 5, 2013 - 12:15 PM - 1:30 PM ET
New America Foundation 1899 L Street NW Suite 400 Washington, DC 20036
In the Denver suburbs, as in much of the U.S., the Great Recession has turned formerly financially stable families into the new homeless—and left many living in budget hotels where they pay for their rooms by the week. They call themselves “the weeklies,” and senior writer Monica Potts chronicles their experiences in the latest issue ofThe American Prospect.
Potts writes that “a defining characteristic of what it means to be middle-class is now out of reach for a group of people, who less than a decade ago, would not have called themselves anything else.” Her article explores what happens to families after they lose their homes to foreclosure and details their struggles with the predatory practices of the financial sector and the inadequacies of the government's response.
Join New America Foundation for a discussion of the article and its policy implications. Learn more or stream the event live here.