How medical bills can bankrupt you

HERE’S THE INTERESTING PART

Surviving a terrible illness is great, until the bill arrives and finishes the job. Medical expenses are the leading driver of personal bankruptcy filings, trapping people in a bizarre system where a broken leg can literally cost you your life savings.

From the Stacky collection1 min read

How medical bills can bankrupt you — STACKY / Economy

Topics in this factdebtmedical debthealthcare_costs

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How medical bills can bankrupt you

A bigger world.One discoveryat a time.

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Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible liquid assets that currently exist on planet Earth.

Credit card companies actively refer to customers who pay off their balances in full every month as 'deadbeats' because they don't generate any revenue from exorbitant interest rates.

Thomas Jefferson died deep in debt

North Korea literally ordered one thousand luxury Volvo sedans from Sweden in the 1970s and then just completely ghosted them on the invoice after the cars were successfully delivered.

Issuing government bonds is borrowing from grandchildren

A bigger world.
One discovery
at a time.