The generation of students coming out of college may still be paying for their credit cards long after graduation. Some projections indicate that the newest generation of credit card users could still be paying for their credit card debt when they die. Some in New Jersey may decide to file bankruptcy long before that happens.
The recession seems to have caused a dramatic shift in dynamics when it comes to the demographic of Americans filing for bankruptcy. According to a recent report, married couples and people with college educations make up a large chunk of those filing for bankruptcy.