“The point is that families today are spending their money no more foolishly than their parents did. And yet they're five times more likely to go bankrupt, and three times more likely to lose their homes. Families are going broke on the basics - housing, health insurance, and education. These are the kind of bills that you can't just trim around the edges in the event of a downturn.” KindHomeTodayThreeParentLosesFiveEventsBillsEdgesSpendingBrokeThree TimesHousingBasicsDownturnFamilies Today Author:Amelia Warren Tyagi
“If a parent wants to choose where their kid goes to school, they can either fork over a whole bunch of money in tuition for private school or they can buy a new house near the school of their choice. And it's driving up property prices in certain key areas. When you stop and think about it, that's kind of ridiculous.” IfsThinkingWantKindWholeKidsSchoolCertainChoicesHouseParentKeysAreasPropertyRidiculousDrivingBunchForksTuitionPrivate School Author:Amelia Warren Tyagi
“The fact is, out of all the possible reasons for going bankrupt, only three account for nearly 90 percent of bankruptcy: a job loss, a medical problem, or a divorce. And the fact is that those are exactly the kind of calamities that the bankruptcy courts were designed to help people through.” PeopleKindReasonFactsHelpingProblemJobsThreeLossPercentAccountsCourtDivorceMedicalCalamityBankruptcyJob LossMedical Problems Author:Amelia Warren Tyagi
