Debt Collection Process

Why do the red states have the highest bankruptcy rates?

IMHO, people who are ignorant about handling money and financial matters are the most likely to file bankruptcy (there are always exceptions such as financial hardships, emergencies, etc. But I'm just saying the preceding comment as a generality). People who are more aware and better educated about handling money are obviously more likely to not become bankrupt. 14 states were in the red category. Among these were: Alabama, Arkansas, Georgia, Kentucky, Mississippi, Tennessee, and of course Utah. Six of these states have among the lowest rates of high school and college graduates in the nation, but Utah is an odd exception. Even though Utah has high education standards, I did find another demographic that Utah has in common with the other states. The majority of the population of Utah are part of an organization that has some of the most archaic moral standards in the nation. Utah consistently lags behind the rest of the country on racial equality and sex issues. I think the only reason Utah allowed women to vote so early was so the Mormons could get a larger bloc of votes to pass laws in its favor, etc. Alabama, Mississippi, Arkansas, Georgia, and Tennessee are other states that have displayed the same type of archaic views of morality and bigotry. On the opposite end of the spectrum, such states as Massachusetts, Connecticut, Maine, Iowa, Vermont, and New Hampshire were all included in the group of 11 states with the fewest bankruptcy filings. These states are also consistently among the most progressive in the nation in terms of moral issues. Some of these states have among the highest percentages of college graduates. And, these six states I mentioned are also the only six states in the nation, thus far, to pass laws in favor of same-sex marriage. Most of the states with the greatest population, and most diverse population base were in the middle rankings: California, New York, Florida, Pennsylvania, and Illinois included. This is evidence to me that there is a deep connection between ignorance, bigotry, and moral standards. The states that generally have a greater percentage of people of higher intelligence and education, are the states that handle money better and are more accepting of diverse moral ideals. The states with people of lower intelligence and education, are those states which are more likely to handle money poorly, and be more bigotted and intolerant of diverse views.

Public Comments

1. Answer: Republicans vote their aspirations, not their reality.
2. Good read....couldnt agree more...
3. Them took er jebs! Dey tuk er jeobs!
4. SOURCE
5. Because it's the blue state that are stealing from them...and everybody else.
6. Yes, and they also have the highest rate of teen pregnancies, abortions, divorce and adultery. That seems to tie in with your theory as well.
7. More welfare = fewer bankruptcies.
8. You mean like California? lol
9. York and fornia are bankrupt,
10. You obviously don't live in my state, CA. Texas and Alaska are doing the best in the US (they are actually making gains), the Midwestern states are still working fine, and are riding this recession out, they remain stable Minnesota, California, and New York on the other hand are getting hit the worst. CA being the worst
11. Because conservative way is to encourage entrepreneurship by rewarding success by allowing failure
12. I think YOUR views are biggotted and intolerant. edit. I think I'm the only Californian left that hasn't forclosed my house. lmao! Dang me for being an ignorant Republican!
13. I'm curious. Do you think that these same states have the same foreclosure rates. Last time I checked, California had the highest foreclosure rates. Also, are the bankruptcy rates per capita, or just number of cases? I should also point out that one of the most liberal states on the map, Michigan, has the highest unemployment rate per capita. I'd really like to see your statistical source because somehow I get the sense that it is highly distorted.
14. I totally agree with You . My state here in the South West went Blue this last election and our UN Employment rate is now between 6 and 8 %. We have three predominate cultures here . Native American , Hispanic and Anglo (white ). In my life time I have noticed that the cultural differences became more Cultural Appreciation as time went by . Thanks in part to our leaders and in much greater part to the people who live here . Appreciation leads to Corporation which equals much more prosperity in the not so long run. P. S. I do Not live in CA - and they did elect Obama but they Do have a Republican Governor - So No surprise there that they are having a tough time .