(NPR) — When Clyde Jackson’s wife took a $6 hourly pay cut several years ago, it was the beginning of his rapid descent from two-time homeowner to renter in an apartment complex in the working-class Washington, D.C., suburb of Greenbelt, Md. Jackson, 51, is an African-American father of three who works for a local government sanitation agency. In December, he lost a three-bedroom brick home to foreclosure. He purchased the house for $245,000 in 2004. He has separated from his wife and now lives in a two-bedroom apartment. Jackson had to downsize so much that his 16-year-old son and 18-year-old daughter — both from a prior relationship — were forced to share a room. “That was the biggest hurt of all,” Jackson says. “When you build up something, and then all of the sudden you lose it. Yeah, it takes a toll on you.”
- MN Business
- Subscribe to MadameNoire
- Follow MadameNoire on Pinterest
- Subscribe to MadameNoire on YouTube
- Follow MadameNoire on Twitter
- Like MadameNoire on Facebook
- Follow MadameNoire on Tumblr
- Follow MadameNoire on Instagram
Sign up for the newsletter.
MadameNoire is a sophisticated lifestyle publication that gives African-American women the latest in fashion trends, black entertainment news, parenting tips and beauty secrets that are specifically for black women. Black women seek information on a wide variety of topics including African-American hair care, health issues, relationship advice and career trends - and MadameNoire provides all of that.
MadameNoire ® Copyright © 2010-2015 Moguldom Media Group. All Rights Reserved | Moguldom Multicultural