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Commentary: we interviewed 48 bankrupt People in the us. Here is whom they blame due to their troubles that are financial

Commentary: we interviewed 48 bankrupt People in the us. Here is whom they blame due to their troubles that are financial

The individuals arrested in connection with the Jan. 6 Capitol insurrection had an 18% bankruptcy rate — two times as high as the nationwide average — relating to a Washington Post research. One fourth for the rioters was in fact sued by a creditor, and 1 in 5 faced losing their house to property property foreclosure.

As being a scholar of american economy that is political centers on middle-class economic precarity, i discovered this finding unsurprising.

Since 2017 We have interviewed 48 People in the us dealing with Chapter 13 individual bankruptcy — the type of bankruptcy mainly filed by individuals making above-median earnings or wanting to conserve a home from property property property foreclosure — and watched about 500 bankruptcy court procedures.