The 2020 USA POTUS election politics, the civil war, and the world war (Part 2)

No, it’s based on misleading questions leading to left wing talking points.

You might learn something from people who studied the matter.

I did, and I reported on it here previously. You might learn something from reading those sources and prior discussion.

around $5k in average medical debt (much less than the average total debt) should be clues the real cause lies elsewhere. Guess what? Credit card debt is “a reason” that contributes to 99% of bankruptcies, because nearly all BK cases involve credit card debt. Apparently the average CC debt in BK is $25k, and somehow that’s less of a problem than the $5-8k of medical debt? Clearly we need to reform the credit card system, right? Here’s a study by debt collectors (who would know), citing the largest debts of BK filers are CCs in about 3/4 of cases, with medical being about 20% (most of the rest). Asking BK lawyers about their clients suggest that top causes of BK is overspending followed by job loss, with divorce and medical debts much less common.

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