A cute bankruptcy graphic (link I can't get it to format right here), but less information than perhaps appears at first sight. Example: not a clue as to why they file. Although there is some debate at the margins, the evidence is overwhelming that the modal cause is medical: often the family that has been living frugally until someone falls to an uninsured injury or disease. Then s job loss, then a few months of hand-to-mouth while the credit card balances build up, and then BK--but not before the compulsory credit counseling session where the counselor tells them, "yep, you sure are broke..."
HT Kedrosky.
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