Bankruptcy filings rising across the country and it could get worse

“Could get worse”? It very likely WILL get worse. The dual burden of taxes and debt are straining the middle class.

(From The New York Post)

“In high-cost cities like New York, personal incomes are not often enough to pay the household bills,” Zac Hall, vice president of anti-poverty programs at the Food Bank of New York, told The Post. “We are seeing people using consumer debt as a way to make ends meet when they come here,” he added, citing the pressures his nonprofit faces to keep up the distribution of food and meals at no cost to some 1.5 million New Yorkers.


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