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To: durasell

Thanks! but also this---

http://www.mensnewsdaily.com/archive/u-v/usher/2005/usher030905.htm

Divorce is a primary predictor of bankruptcy. Data on the actual percentage of bankruptcies driven by divorce is often considered “too hot” to talk about, so most studies keep things lumped (or merely expressed in terms of the women’s perspective). It is difficult to clearly identify the real percentage.

But we do know this:

In the “Fragile Middle Class”, Teresa Sullivan first emphasizes divorce as the primary cause; “Because people’s financial troubles so often arise from other sources, such as divorce or serious illness, they also reflect in part the social pathology of the great middle of American society.”

The National Consumer Law Center placed an emphasis on divorce as a primary causal factor in their testimony before Congress in 1998: the average bankruptcy occurs “because of the convergence of consumer debt, job loss and divorce ... when a family splits up, the pressure of running a household with less total income is impossible.” They also cite downsizing, economic dislocation, income disruptions and underemployment as major factors.


27 posted on 12/28/2005 3:13:43 AM PST by wouldntbprudent
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To: wouldntbprudent

Divorce. That's kinda interesting, but makes sense. I don't know enough about the law, but I'd bet shared debt is a problem when divorce happens.


28 posted on 12/28/2005 3:17:04 AM PST by durasell (!)
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