For all the criticizing we do of Mormonism, there are some positives that are worthy of mention. I occasionally run across them in my varied reading on the internet. I came across this story about the Mormon culture region having the lowest amount of credit card debt of any region in the U.S. Is this a case of advice from the leadership actually translating into practice? If so, kudos to Mormons!
I am a little bit intrigued by the contrast of low credit card debt with the oft-repeated and over-stated claim that bankruptcy rates are high in Utah (they are, but Utah is not #1). This seems somewhat contradictory – low credit card balances but relatively high bankruptcy rates. Thoughts, anyone?
(Seth, any thoughts given your line of work?)