On Thursday, October 21st at 9 p.m. CNN will air the Black in America Special: Almighty Debt, and I recommend that everyone tune in to catch this extremely interesting, enlightening and thought-provoking special. I had the opportunity to view an advance screening of some of the 90-minute documentary with a couple of friends and it fueled a conversation full of losing homes, increasing income and downsizing. And, it left us with the question: So what’s the solution?
The special, hosted by Soledad O’Brien, follows three individuals/families who have markedly different circumstances. A young man with a C average that wants to go to college and believes the debt of education is something he’s willing to take on. That’s why across the blogosphere, Twitter and other social networks, the question has been posed, “Is it worth going into debt for education?”
Almighty Debt also explores the crises of the last efforts of a couple to hold onto their home. A home that they haven’t paid mortgage on in two years. Then there’s the gentleman who was laid off from his job of 28 years and still hasn’t found employment. His stack of applications piled as high as a small toddler.
Soledad mainly explored the connection between faith and debt in the black church. She interviewed Bishop Soaries, a New Jersey minister heading First Baptist Community Development Center, who says that people have to begin dealing with things that are within their control – one of those things is debt.
The statistics and facts do not make for a good bedtime story: 81 percent of those graduating college will have debt and those of us who are middle class by income (as opposed to middle class by wealth) are a mere paycheck from being low income. One out of three will fall out of middle class.
All of the particulars – and there are a lot more – you’ll have to catch for yourself when you view Almighty Debt this Thursday on CNN. The consensus of my small group who viewed it? Interesting, sad and somewhat overwhelming. Is there hope? For some, definitely. For those in the special? Well, you’ll just have to watch it for yourself.
Disclosure: I received a preview of Almighty Debt to facilitate my review. No other compensation was received. Any opinions expressed here are my own. For more information review my complete policy.