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  1. Ever Student's Avatar
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    #1

    Question Would you please explaine the given sentence?

    Can you please describe the real meaning of this passage?

    "The typical bankrupt is not “a guy under a bridge” but a middle-class baby boomer who has “lived too high on the hog.”"

  2. buggles's Avatar
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    #2

    Re: Would you please explaine the given sentence?

    Quote Originally Posted by Ever Student View Post
    Can you please describe the real meaning of this passage?

    "The typical bankrupt is not “a guy under a bridge” but a middle-class baby boomer who has “lived too high on the hog.”"
    Many people think of a bankrupt as a penniless person - they imagine someone with no money, no home and possessing only the clothes they stand in. Hence " a guy (living) under a bridge", as, indeed, many homeless people do.

    However, more and more "middle class baby boomers" are going bankrupt.
    "Baby boomers" are those born just after the end of the second world war when there was, not surprisingly, a surge in the birth rate.

    These people have lived through a time of high prosperity, but have often financed their lifestyles using easily obtained credit. They have lived "too high on the hog."

    Now that we have a worldwide recession, credit has all but dried up and many baby boomers have found they can no longer keep up the payments on loans taken out for houses, car purchases and to maintain their lifestyles.
    These are the people who are likely to become bankrupt in the present climate.

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    #3

    Re: Would you please explaine the given sentence?

    I have never heard Americans say "a bankrupt" to refer to a person who has filed for bankruptcy.

  3. buggles's Avatar
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    #4

    Re: Would you please explaine the given sentence?

    Quote Originally Posted by SoothingDave View Post
    I have never heard Americans say "a bankrupt" to refer to a person who has filed for bankruptcy.
    It's common usage in the UK.

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