60% of Americans Who Go Bankrupt Say It’s NOT Because of Debt, It’s Actually THIS.

If not it’s not their credit cards and student debt, it eventually comes around with something unexpected. Those who have no savings or a minimal amount won’t realize what they’ve been doing is a problem until it hits them in the head. Too many people are dangerously close to the edge and we’ll see how many people are affected in the next recession. What’s your opinion on this?

Countless Americans are going bankrupt and it’s not because of the credit card. It’s not because of student loans, and not their mortgage. Many Americans have unexpected events that end up putting them over the edge. Too many people consume everything they have which is a huge mistake for those instances where events that are unaccounted for occur. This will be a burden shared by many in the near future as conditions worsen.

 

Student Loans Owned and Securitized, Outstanding | FRED | St. Louis Fed

fred.stlouisfed.org/series/SLOAS

Total Revolving Credit Owned and Securitized, Outstanding | FRED | St. Louis Fed

fred.stlouisfed.org/series/REVOLSL

Motor Vehicle Loans Owned and Securitized, Outstanding | FRED | St. Louis Fed

fred.stlouisfed.org/series/MVLOAS

Total Consumer Credit Owned and Securitized, Outstanding | FRED | St. Louis Fed

fred.stlouisfed.org/series/TOTALSL

Federal Debt: Total Public Debt | FRED | St. Louis Fed

fred.stlouisfed.org/series/GFDEBTN

Federal Debt: Total Public Debt as Percent of Gross Domestic Product | FRED | St. Louis Fed

fred.stlouisfed.org/series/GFDEGDQ188S

How to Negotiate Down Your Hospital Bills – The Atlantic

www.theatlantic.com/health/archive/2019/03/hospital-bills-medical-debt-bankruptcy/584998/

AJPH201824841_201824995 427..433

www.pnhp.org/docs/AJPHBankruptcy2019.pdf

201412_cfpb_reports_consumer-credit-medical-and-non-medical-collections.pdf

files.consumerfinance.gov/f/201412_cfpb_reports_consumer-credit-medical-and-non-medical-collections.pdf

The Hell of American Healthcare – The Atlantic

www.theatlantic.com/health/archive/2015/05/the-agony-of-surprise-medical-bills/393785/

 

 

 

930 views