Reckless Spending, Not Illness or Job Loss, Causes Most Bankruptcy

(PhysOrg.com) -- Simple overspending has driven most personal bankruptcies in recent years, a change from previous decades when illness and unemployment were major factors, concludes a new study from the University of California, Davis, Graduate School of Management.

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<p><a href="http://www.physorg.com/news139237438.html">Reckless Spending, Not Illness or Job Loss, Causes Most Bankruptcy</a></p> <p>(PhysOrg.com) -- Simple overspending has driven most personal bankruptcies in recent years, a change from previous decades when illness and unemployment were major factors, concludes a new study from the University of California, Davis, Graduate School of Management.</p>