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Can, but probably won't, and if it does, the average twenty-something doesn't have so many assets that it's a huge loss to declare bankruptcy. Besides, twentys
by rsheridan6 17y ago
Can, but probably won't, and if it does, the average twenty-something doesn't have so many assets that it's a huge loss to declare bankruptcy.
Besides, twentysomethings all* think they're immortal and that nothing bad will happen to them anyway.
*And by all, I mean some.
- gjm11 17y agoSurely the main downside to declaring bankruptcy isn't what it does to your present assets but what it does to your future prospects.
- rsheridan6 17y agoThat depends on who you are, what you have, and what you want to do. For many people, this would just mean lower credit limits and a delay in house buying plans, if you had any. The bottom line for me is that, if I were a healthy young person, I would not pay for health insurance under this plan. Actually, when I was a young healthy person, I didn't pay for insurance - I went uninsured from when I was off my parents' plan until I was 29. So did lots of others. The case for buying health insurance is now far weaker than it was then.