Breaking up with your partner? You Could Go Bankrupt
And you thought that it was only people who had no control over their money that went bankrupt. Well, those types do exist but there is one more category of people that has begun to declare bankruptcy — those who’ve broken up with their partners. According to recent research, in Scotland, the average age of people going bankrupt has risen to 40 because of couples splitting up. While until recently the average age of people splitting up was around 30, now there seems to be a shift in debt trends.
While much of the debt among people in their early 40s can be attributed to credit card abuse, some of it is associated with the financial pressures imposed by failed relationships. Experts believe that the division of assets among separating couples may have contributed to the debt crisis. Now, it would be interesting to see if this phenomenon repeats itself in America or not. Oh, and by the way if you don’t know where Scotland is, you probably should be looking up a map.
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