Friday, September 16, 2011

Bankruptcies Among Edumacated Americans Up 20 Percent

College graduates and Americans with advanced degrees are filing bankruptcy more often, according to a report published today by the Institute for Financial Literacy. But even though bankruptcy filings by degreed persons increased 20 percent since the passage of the Bankruptcy Abuse Prevention and Protection Act, non-degreed filers still make up 70 percent of bankruptcy cases.

Read the rest of the article at Reason

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