Author Question: What is the leading cause for personal bankruptcy in the United States? a. credit card fraud c. ... (Read 58 times)

NguyenJ · **on:** Jul 8, 2018

What is the leading cause for personal bankruptcy in the United States?

a. credit card fraud c. credit card debt
b. medical debt d. unemployment or loss of job

Question 2

Which United States president formed the Committee on Economic Security as a means of helping the nation's needs?

a. Theodore Roosevelt c. Woodrow Wilson
b. Lyndon B. Johnson d. Franklin Roosevelt

macagn · **Reply #1 on:** Jul 8, 2018

Answer to Question 1

B
The number one cause of personal bankruptcy in the United States has been identified as medical debt. While credit card debt, credit card fraud, and unemployment or loss of job may also contribute to personal bankruptcy, none of them is the leading cause of this type of bankruptcy.

Answer to Question 2

D
President Franklin Roosevelt formed the Committee on Economic Security as a means of meeting the needs of the nation. The New Deal program that was implemented at this time provided federal relief programs, social services, and aid for the elderly. Later, the 1939 Amendments to the Social Security Act went into effect, which defined the role of the government in the financing and delivery of health care services (Maville and Huerta, 2007; Ross, 2002).