There is all too often a stigma associated with financial challenges. Wayne County residents are likely familiar with the social pressure to keep up appearances, to hide their struggles away from friends, family and coworkers. But study after study show that more Americans are in need of a fresh start today, and maybe not for the reason people typically think.
The main factor underlying bankruptcy claims in this country is, in fact, the cost of health care. More people (approximately four in 10) are fighting off debt collectors today over medical debt than they are over credit card debt. You could combine what Americans pay for credit card debt and bank loans and it would still only be a third of what we pay for debt related to health care.