Croatia Just Did Something for Its Poorest People That the U.S. Would Never Even Consider - Mic
For most of the poor, debt is debilitating. When the cost of living consistently outpaces what one makes for a living, attempting to pay off debts is as demoralizing as it is financially punishing. During harsh economic times, the U.S. has chosen a path of abandonment or prison for those trapped by insurmountable debt.
Amid its own crisis, Croatia is exploring another option: canceling debt for tens of thousands of its poorest citizens.
Under Croatia’s new “Fresh Start” program, about 60,000 citizens are eligible to have their debts canceled and their bank accounts unfrozen.
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