Is Credit the New Welfare? Assessing the Development and Scope of the Debtfare State

• In Event: Investment and Aid

Brief Overview

This paper explores the role of credit in substituting for the welfare state. Political decisions have weakened the generosity of welfare programs leading individuals to engage in consumer borrowing as a substitute for state provided social support.

Author

• Kathleen M Annarelli, Rutgers University, the State University of New Jersey