Do you think many people will suffer especially since pensions and social security will be slashed?
At this time, we are witnessing countless people going bankrupt. The baby boomers are the biggest group in fact. It seems as though we will encounter a major issue in the future when the pensions are slashed and debt rises considerably. Who will come to the rescue?
‘Too Little Too Late’: Bankruptcy Booms Among Older Americans – The New York Times
Graying of U.S. Bankruptcy: Fallout from Life in a Risk Society by Deborah Thorne, Pamela Foohey, Robert M. Lawless, Katherine M. Porter :: SSRN