I'll have to read that later. The thesis seems reasonable to me. Over
consumption has most certainly been a hallmark of the American
Experience (tm) for some time now. Health care costs are very
problematic. They are certainly not the only thing that is
problematic.

Thanks,
Judah

On Sun, Mar 8, 2009 at 12:39 PM, Robert Munn <[email protected]> wrote:
>
> 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

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