Hacker News Reader

I originally came across this article via[0], which contextualizes it within the broader US economy. It would seem that the word "older" in the headline is a bit misleading.

[0] https://www.motherjones.com/kevin-drum/2018/08/just-stop-it-...

View on HN

Appears you and MJ are right (graphs start on page 24).

https://www2.census.gov/ces/wp/2017/CES-WP-17-54.pdf

"Individuals are likely to get divorced in the years before bankruptcy and then remarry. Income falls before bankruptcy and then rises after bankruptcy." In the midst of an otherwise depressing read, this is actually good news. It indicates that people stuck in a downward spiral of stress and bad financial decisions, are able to break out of that spiral by declaring bankruptcy. That is exactly what it is designed for.

Reply on news.ycombinator.com