Tag Archives: middle-class

Things People Get Wrong About Credit Card Debt

Excellent article in the Washington Post titled “Five myths about America’s credit card debt.” You should read it, click here. Highlights from the article. 1. Middle-class American families have long depended on bank credit cards to manage their budgets. Not true. 2. More people have credit cards because companies got better at managing risk and [...]

Bankruptcy Becoming More Common Among Upper Middle Class Out of Necessity

For the past few years I’ve been suggesting bankruptcy more and more as a solution to people in trouble. I’ve written about my position, “I Suggest Bankruptcy Too Often, So Say Some“, and I receive my fair share of criticism about the amount of times I suggest bankruptcy. An article out today, full of data, [...]