2006/01/23

Debt Haven

Mish's Global Economic Tend Analysis pointed out: "Bankruptcy Counseling Law Doesn't Deter Filings" slightly old news but still good read on how desperate people are when they hit the end of their financial ropes. I've worked with few couples volunteering at our church and some of them have come close to the brink of needing to file for bankruptcy. A lot of people lack financial education (I know personally since I wasn't well taught myself). But then again, if this article "College illiteracy stuns educators" is any indicator, lack of education is all over the map....