According to some research and reported in a new release at Brigham Young University, many of the bankruptcies that seems to be much more prevalent in certain states in the US are more due to local state policies, and not to weird community financial behavior/practices.
That’s good news – we don’t suffer from isolated pockets of financial idiocy. However, the fact remains that bankruptcies are much higher than normal due to the economy (and worsened by some local state policies). Its always the right time to revisit your budget and make sure you’re on track.
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