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Medical Bills! Cause Bankruptcy

Contrary to popular belief (by popular I mean stupid), most bankruptcies are not caused by housewives let loose with credit cards. A new study indicates the majority (62%) of bankruptcies are caused by medical bills. 75% of these debtors actually had health insurance and most were college educated and middle class.

I guess the plan is:

1. Go to college
2. Get a good job with health benefits
3. Go bankrupt

It’s better than the alternative:

1. Skip college
2. Get a dead end job with no health benefits
3. Drop dead from undiagnosed disease

Via: CNN