For young people in debt, bankruptcy seems like a get out of jail free card. Is it?
Bankruptcy is gaining popularity among younger generations. Here are some considerations before filing.
Katie Kelton is a senior writer on Bankrate’s community team and Certified Credit Counselor™, helping everyday people solve problems and make good money decisions. She’s tuned in to topics like credit scores, homebuying and making ends meet — while trusting that Americans do the best they can with the tools they have.
Before Bankrate, Katie wrote for Capital One, where she gained insight on the credit world. And her career began in marketing, where she learned how to make life’s decisions a little more fun.
Katie is from the Austin area and lives in Colorado Springs. Off the clock, you’ll find her heading outdoors with her fiancé and pup, overbooking her social calendar and haunting thrift and bookstores.
If you have a question about money or a story to tell, send her an email at kkelton@bankrate.com.
A budget is the best tool to have in your back pocket. All of your financial goals, from paying off debt to saving to buying a home, start here. By keeping tabs on your income and expenses, you’ll know where your hard-earned dollars go — empowering you to move money around and reach milestones sooner.
Americans have money problems. Some are systemic, while others come from everyday life — like having a job, paying bills, buying a home and raising a family. I listen to stories and answer questions to help us all get smart with our money.
— Katie Kelton, CCC
Bankruptcy is gaining popularity among younger generations. Here are some considerations before filing.
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