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I wonder (genuinely) if somebody couldn't just as easily create a list of positive signs. Consumer confidence, steady job growth, whatever... For example, you
by elicash 9y ago
I wonder (genuinely) if somebody couldn't just as easily create a list of positive signs. Consumer confidence, steady job growth, whatever...
For example, you mention growing healthcare costs (true!). But isn't it ALSO true that far fewer people (50%) are filing for bankruptcy since before the ACA? Shouldn't that be a stabilizing force? (Assuming it remains.)
To be clear, I'm not arguing you're wrong. Just that it's hard to predict anything, which I think you'd agree with.
- ouid 9y agoIt seems like the economy is largely debt driven. The amount of personal debt that people can accumulate before declaring bankruptcy is finite, and when their credit drops, the economy contracts.
- ellius 9y ago"Debts that can't be repaid won't be repaid."
- ericd 9y agoYeah, I'd love to see it, and I definitely agree that it's impossible to predict the future with any degree of certainty. One of the big reasons for medical bankruptcy is the loss of income without the loss of expenses despite having medical insurance, but I'm sure it's better now that we don't have lifetime max coverage limits and that sort of thing.