How Common Is Bankruptcy?
Bankruptcy has become deeply entrenched in American life. This year [2003], more people will end up bankrupt than will suffer a heart attack. More adults will file for bankruptcy than will be diagnosed with cancer. More people will file for bankruptcy than will graduate from college. And, in an era when traditionalists decry the demise of the institution of marriage, Americans will file more petitions for bankruptcy than for divorce.
— Elizabeth Warren and Amelia Warren Tyagi, The Two-Income Trap
