Take a look at this study. This guy believes that over-consumption is more
responsible for personal bankruptcies than anything else. He acknowledges
that medical costs play a significant role, but he argues that
over-consumption on durable goods such as homes and automobiles leaves
people unable to cope with even minor disruptions in their financial lives:

http://www.gsm.ucdavis.edu/uploadedFiles/Faculty/Directory_and_Profiles/personal_bank.pdf

On Sun, Mar 8, 2009 at 12:19 PM, Judah Mc wrote:

>  So where do you
> get your contention that it is not the biggest cause by a long way?
> Any actual facts?


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