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More young people filed for bankruptcy than graduated from college?

Curious about Jane Dough’s comment that more women file for bankruptcy than graduate college, I set out to find it and instead found three sources cites three other sources! If I were not on my way out the door, I would look a little longer to try to find out who and how they arrived at that statistic.

1) Junior Achievement cited the American Bankers Association Education Foundation when it stated:

More young adults filed for bankruptcy than graduated from college in 2001

2) I could not find that on ABA’s web site, but then I saw that the Young Americans Center for Financial Eduation cited the US Treasury when it stat

In 2002, more people filed for bankruptcy than graduated from college in 2002.

3) And then from the Congressional Record – House 1491:

According to the American Bankruptcy Institute, more young people filed for bankruptcy than graduated from college in 2001.

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