
House That Family Money Built
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At both ends of the wealth spectrum, the laws governing credit and debt hardwire patterns of both privilege and poverty. They drive financial extraction by creating a flow of assets from the pockets of low-income families into the bank accounts of high-wealth ones. In short, some families are legally enabled as they accumulate and preserve great fortunes that get passed down through generations-wh...
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At both ends of the wealth spectrum, the laws governing credit and debt hardwire patterns of both privilege and poverty. They drive financial extraction by creating a flow of assets from the pockets of low-income families into the bank accounts of high-wealth ones. In short, some families are legally enabled as they accumulate and preserve great fortunes that get passed down through generations-wh...
Read more
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