"The less your income, the easier it is to pile up debt. That obvious lesson hit home in 2020.

The unemployment rate went from 3.5% pre-COVID to a peak of 14.8% in April 2020—the highest level since 1948."

The People's Party of Texas is the only party to call for a total Debt Jubilee for all People. Student debt, mortgages, medical debt, and small business loans are just a few examples of the type of structural debt that perpetuates inequality between those who own capital and those who do not.

#DebtJubilee #DitchTheDuopoly #AbolishCapitalism

https://www.debt.org/faqs/americans-in-debt/demographics/