Interesting Bankruptcy Statistics

[haylo]

According to this article Men should avoid Caucasian women that only have a high school education, have a job but make less then 20k, married, and overextended on credit..

http://www.bankruptcylawfirms.com/interest/bankruptcy-statistics.html

Avoiding married women is probably going to be the hardest part of that equation

[Dst1]

Interesting indeed. Some figures that leaped out at me.

(1) People who are self-employed or unemployed have the highest relative incidence of BK.
(2) People who were college dropouts had the highest ratio of BK per education level.
(3) The youngest and the oldest cohorts were the least likely to file BK.

#1 and #3 make sense to me but #2 is a puzzler.

[haylo]

Interesting indeed. Some figures that leaped out at me.

(1) People who are self-employed or unemployed have the highest relative incidence of BK.
(2) People who were college dropouts had the highest ratio of BK per education level.
(3) The youngest and the oldest cohorts were the least likely to file BK.

#1 and #3 make sense to me but #2 is a puzzler.

Just my opinion, but maybe the statistics suggest that college drop outs have a history of making bad financial decisions and are have enough education to to know how to file for bankruptcy but not enough education to keep themselves out of bankruptcy. Also the college dropouts might still have their outstanding loans but not the degree to get the high paying jobs to get themselves out of debt. But then again what do I know

[flyinbroke]

Degrees don't guarantee high paying jobs these days. Plus the some college groups probably don't qualify for government money grabs. I look at the shopping carts of people paying with my tax dollars (EBT) and they eat better than I do. And have newer cars. And designer bags/jeans. And nails that don't look like ass.

I expect these stats to change rapidly over the next couple of years. There are just no guarantees for anything anymore. The playing field is changing.

[BROKEDED]

What jumped out at me was that the percentage of people with "Some College" or less went down each year while those with Associate degrees or higher went up each year.

[BROKEDED]

Just my opinion, but maybe the statistics suggest that college drop outs have a history of making bad financial decisions and are have enough education to to know how to file for bankruptcy but not enough education to keep themselves out of bankruptcy. Also the college dropouts might still have their outstanding loans but not the degree to get the high paying jobs to get themselves out of debt. But then again what do I know

Some college doesn't necessarily mean dropout. It could also mean people who haven't finished school yet but are already paying on school loans or, God forbid, putting their schooling on credit cards.

As for my wife and I, we split the difference. I have some college and she has a bachelor's degree. I tend to think that I drag her down though. But together we are equal opportunity bankruptiste.

[DeadManCrawling]

Dang, that rules out all eleven taverns within walking distance of the vast DMC Estate.

Guess I will have to start trolling the internet or something . . .

Honestly, the one stat that didn't surprise me was self-employed. That group will always be higher-risk, since they take more risks than average. I bet a further evaluation would reveal that more of them are happier with life, too, in spite of the risks.

As far as avoiding mates who are overextended on credit, that should be obvious.

best,

-dmc