Personal Bankruptcy surges 34%:
Filings reached 1.25 million in the year ending June 30, up 34% from the year before, as American continued to grapple with debt, unemployment and devalued homes, according to figures released Thursdy by the Administrative Office of the US Courts.
"Spun out of control ": The person grew up with a family with no financial management at all.
She is now taking responsibility for her financial mistakes and plans to file for bankruptcy protection. She is moving her family into a smaller but cheaper two-bedroom apartment so she can save money. She vows never to use credit cards again!
Well,such credit cards abuse may be the lifestyle for many folks in USA. Such habit may be useful for folks in China for reference.
Francis Shieh a.k.a. Xie Shihao watching the lifestyles of Americans and Chinese to make comparisons and to think about Sino-American economics of culture and tradition in the 21st century.
The readers can be the judge to draw conclusions in your own mind.
Friday,August 14, 2009 at Beltsville Public Library at 11.16 a.m.
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