Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 16 · column 1 of 4 · from the scan, no model involved
or many Americans, 1998
won’t necessarily be memorable
because of the Clinton scanJ
dal. For them, personal money
troubles will eclipse the problems the country faces.
By the end of September last year, the Administrative Office of the U.S. Courts had registered more than 1.4 million bankruptcy filings — up 5.1 percent over the same period in 1997. Why the skyrocketing number of filings?
Generally speaking, the lack of national leadership on spending, the wide and easy availability of credit and the fact that people do not spend money wisely all contribute to rising debt levels, according to Paul Richard, director of education at the National Center for Financial Education.
“Everyday spending decisions, especially credit-based ones, will do far more harm to someone’s financial future than any investments they’ll ever make,” he said. “People are working toward (bankruptcies) for a long, long while, especially if they’re creditcard spenders.”
Once people are in debt, a life-alterr
97.7%