Bouncing Hedgehog

Posts Tagged ‘banruptcy’

I was absolutely gobsmacked to read that medical bills are the leading cause of bankruptcy in the US. I know of no other country where this is the case.

The figures are really quite staggering. An estimated 1,500,000 Americans will declare bankruptcy this year. Now many people would put that down to Americans chasing the myth of the “American Dream” and buying crap that they really don’t need and certainly can’t afford. A new study (to be published in the August issue of The American Journal of Medicine) however, suggests that 60% of those declaring bankruptcy this year will do so because of medical bills. Read the rest of this entry »