60% of Americans Who Go Bankrupt Say It’s NOT Because of Debt, It’s Actually THIS.

Countless Americans are going bankrupt and it’s not because of the credit card. It’s not because of student loans, and not their mortgage. Many Americans have unexpected events that end up putting them over the edge. Too many people consume everything they have which is a huge mistake for those instances where events that are unaccounted for occur. This will be a burden shared by many in the near future as conditions worsen.

Student Loans Owned and Securitized, Outstanding | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/SLOAS
Total Revolving Credit Owned and Securitized, Outstanding | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/REVOLSL
Motor Vehicle Loans Owned and Securitized, Outstanding | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/MVLOAS
Total Consumer Credit Owned and Securitized, Outstanding | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/TOTALSL
Federal Debt: Total Public Debt | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/GFDEBTN
Federal Debt: Total Public Debt as Percent of Gross Domestic Product | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/GFDEGDQ188S
How to Negotiate Down Your Hospital Bills - The Atlantic
https://www.theatlantic.com/health/archive/2019/03/hospital-bills-medical-debt-bankruptcy/584998/
AJPH201824841_201824995 427..433
http://www.pnhp.org/docs/AJPHBankruptcy2019.pdf
201412_cfpb_reports_consumer-credit-medical-and-non-medical-collections.pdf
https://files.consumerfinance.gov/f/201412_cfpb_reports_consumer-credit-medical-and-non-medical-collections.pdf
The Hell of American Healthcare - The Atlantic
https://www.theatlantic.com/health/archive/2015/05/the-agony-of-surprise-medical-bills/393785/