Many of us think of sustainability in terms of the environment or improving our communities. A crucial part of sustainability is also about how individuals live, and our financial health. Following the 2005 bankruptcy system overhaul, American Public Media's American RadioWorks investigated bankruptcy in the U.S., including profiling a debt collector, a check casher, and a repo man.
It is striking to see a face on bankruptcy, and to see the judgment Â from credit companies, the legal system, and society. In Changing the Course of Bankruptcy, Judge John Ninfo II is quoted:
"Too many Americans are just financially illiterate," says Ninfo. "Many of the people who come through this court who say they've had a catastrophic event, if you really analyze it, they had no savings, lived paycheck to paycheck, had a lot of credit card debt. And when a blip on the radar screen comes along, they can't sustain it."
How many is too many "financially illiterate" people? Is it someone's fault? The system's? Does it matter beyond trying to determine how to prevent it?
How can our communities find the best ways to prevent financial falls?
American Public Media Interactive Producer
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American Public Media invites you to explore the time-tested concept, sustainability. Living a Sustainable Life highlights the need to build replenishing systems that can supply the present without compromising the future.