Quote Originally Posted by Tybee View Post
Medical bills are the number one cause for American families to declare bankruptcy. Here's an article about this:

http://www.foxbusiness.com/features/...to-expect.html

Here is a relevant quote:

But medical bankruptcy doesn’t just happen to the uninsured. In fact, research shows that many people who file for bankruptcy due to exorbitant medical costs have existing health insurance.
“It’s not just the medical bills it’s really everything around the bills that insurance won’t cover,” says Ethan Austin, co-founder of Internet-based fundraising service GiveForward. He says 78% of people that file for medical bankruptcy had insurance.
How many people have an emergency Fund? Wasn't there a study that said even the poor spend 40% of their money on luxury items.