Is America’s middle class vanishing? “The situation is so bad that Morgan Stanley (MS) says the middle class is “eroding.” Too many people have high debt burdens.” An interesting article on CNN Money discusses the heavy debt burdens lower income families are carrying compared to higher income households.
If you feel you will be unable to live debt free due to stagnant income levels, you may want to speak with one of our bankruptcy attorneys to determine if bankruptcy is a good option for your household.
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