Oppression and Privilege

In 2011, 1.4 million Americans filed for personal bankruptcy and those with a college degree or a high paying job were not immune.

“Bankruptcy is technically the point when you owe more than you own and most people hit that point a year or two earlier but they didn’t want to give up,” says Leslie E. Linfield, Executive Director of the Institute for Financial Literacy, a nonprofit financial education, and counseling organization. “They didn’t want to financially die.”