You Don't Have to Be Dumb About Money to Get Into a Financial Hole

There's a fascinating article in the New York Times by Edmund L. Andrews detailing his own descent into a full-blown credit crisis that is absolutely worth reading. Anyone who thinks that it's only people who are stupid, greedy, or lazy who ever have the bottom fall out of their personal economy should think twice after reading this. It shows how a couple can gamble and extend themselves too far (which, let's face it, is a very American thing to do) and then have one or two bad breaks (such as a job loss or a health issue) send them over the edge.

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