Middle Class Is Drowning Without Assistance During These Harsh Days

The story of Doris and her husband Scott Stauble is played out all over USA as the crisis continues to leave its dent on the socio-economic scene

. Till the other day the couple had steady job bringing in a combined income of $70,000 per year. But medical trouble and loss of jobs have hit them hard with the income sliced into half. They are now under threat of foreclosure unable to keep pace with their mortgage dues. But they do not qualify for the modification programme because their income is still more than the eligibility level. The Staubles are now desperately trying to short sale their house in Cintas.

The Stuable couple is sandwiched in nowhere-land not wealthy enough to pay for all their needs and not poor enough to qualify for government help. The state thinks the earnings of Doris does not enable her to get food stamps or fuel help from Citizens Energy Corp. The latter measure was initiated by Joe Kennedy II to assist the poor who could not pay for heating. Scott gets only $900 as monthly disability money but he does not qualify for subsidized medical care.

The much hyped Making Home Affordable Program cannot be of help to the Staubles and many like them who are in genuine need of help. To be able to qualify for refinancing the owners should be having Fannie Mae and Freddie Mac loans and not be over 30 days delinquent during the last 12 months. The plan targets to reduce the mortgage payment to 31% of the gross income of the family. According to this schedule the mortgage repayment would come down by only $100 per month not enough for them to save their house. Doris bemoaned, There's nothing out there for people who need help just once. You have to be either really poor or you're just sitting there waiting for help.

Senior lecturer Diana Pearce of University of Washington specializes in social work. She described the Staubles to be jammed in the policy gap. They cannot meet their bills but the feds thinks that they are raking in too much to be thought to be poor and be eligible for government assistance plans. Pearce explained, It's very common. We've developed this gap in our policy so that we're only helping the poorest of the poor and we're not helping the people who have been middle class, who may have lost their job and now need help.

by: Karen

POST COMMENT

Play 'nightfall Mysteries - Curse Of The Opera' On M3i Zero Important Facts You Should Know About Having A Facelift Procedure Driving Securely In Busy Places Play 'starfire: Retaliation' On Ds R4 Why Rear Brakes Are Important Bowel Incontinence – Common Causes Developing Hip Jump Rap Defeats Entice Your Viewers with Powerful Graphics A filosofia LEAN e a vida Great Plains Accounting Support FAQ In-depth of Stainless Steel Strapping Shakeology as a Snack What Patients Should Know About Tummy Tuck Procedure