Harvard professor Elizabeth Warren recently published the following profile of the average person who files bankruptcy:
- Average age is 38
- 44% are married couples
- 30% are women filing alone
- 26% are men filing alone
- Slightly better educated than the general population
- Two out of three have lost a job
- Half have experienced a serious health problem
- Fewer than 9% have not suffered a job loss, medical event or divorce
Source: “The Fragile Middle Class: Americans in Debt.”
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These statistics are really amazing. They just complete contradict Congress in promoting bankruptcy reform.