A new study from Findlaw.com seems to bare this out:
The FindLaw.com survey found that people between the ages of 35 and 54 are 50 percent more likely to have considered filing for bankruptcy than people ages 18-34 or 55 and older. The group least likely to have considered filing for bankruptcy remains people of retirement age (65 and older) at 7 percent.
With so many people considering personal bankruptcy as a solution, we need to start thinking about this problem in a new way. This is not people living beyond their means. This is about a systemic problem about how we, in the US, relate to commerce.
