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Harvard Gazette

More members of middle class file for bankruptcy

USA Today

By Christine Dugas

Thursday, November 19, 2009

A new study by Elizabeth Warren, Harvard Law School Leo Gottlieb professor of law, and Deborah Thorne, Ohio University associate professor of sociology, finds that personal bankruptcy has become a largely middle-class phenomenon led by filers who are college-educated and owners of homes. According to the study, “The Vulnerable Middle Class: Bankruptcy and Class Status,” the shift occurred even before the Great Recession…

Read more here (USA Today)