The hits just keep on coming:
http://www.fairwiki.org/index.php/Bankr ... te_in_Utah
Yes, Utah's personal bankruptcy rate is the highest in U.S. According to an August 2002 Associated Press article:[1]
Utah residents are more likely to file for bankruptcy than residents of any other state, according to a financial research organization.
During the year ending March 31 [2002], roughly one of every 35 Utah households filed for bankruptcy, according to the American Bankruptcy Institute, a Virginia-based research organization. That far outpaced the national average of one for every 69 households.
Twice as many bankruptcies as normal. Are we sure these people are being led by a Prophet of God? God needs to get James Cramer on the phone pronto. Boo yeah!
Some point to obvious factors: Utah's per-capita income ranks 45th in the nation. Its families, many of them part of the Mormon faith, are larger than those in other states. The job market is weak. The cost of living is relatively high.
The state is also the nation's youngest — the median age is 27.1, compared to 35.3 nationally — and its birth rate is the highest. That means fewer workers are supporting more people.
Blame the job market. Blame the cost of living. Blame the birth rate. Blame everything. Just don't blame the church for telling people living during a costly time to keep on popping out kids and paying tithing.
"Most of the time, the problem arises not because of wild consumerism, but because something really bad happens," said Darren Bush, an economist and law professor at the University of Utah.
Like being a member of church that charges admission for its most important ceremonies?
Counsel of LDS Church leaders
The advice and teaching of LDS general authorities has been consistent since the foundation of the Church: Latter-day Saints should get out of debt and stay out of debt. In October 2001 General Conference, President Gordon B. Hinckley taught:
The economy is particularly vulnerable. We have been counseled again and again concerning self-reliance, concerning debt, concerning thrift. So many of our people are heavily in debt for things that are not entirely necessary.
Like tithing?
When I was a young man, my father counseled me to build a modest home, sufficient for the needs of my family, and make it beautiful and attractive and pleasant and secure. He counseled me to pay off the mortgage as quickly as I could so that, come what may, there would be a roof over the heads of my wife and children. I was reared on that kind of doctrine. I urge you as members of this Church to get free of debt where possible and to have a little laid aside against a rainy day. We cannot provide against every contingency. But we can provide against many contingencies.[2]
Utah's high bankruptcy rate can be blamed, in part, on the failure of some Latter-day Saints to heed prophetic counsel.
Actually they are heeding prophetic counsel exactly. They're paying their tithe and having kids.
Elder Dallin H. Oaks also cautioned members of the Church against the lures of materialism and "get-rich-quick" schemes:
Some have charged that modern Latter-day Saints are peculiarly susceptible to the gospel of success and the theology of prosperity. According to this gospel, success in this world—particularly entrepreneurial success—is an essential ingredient of progress toward the celestial kingdom. According to this theology, success and prosperity are rewards for keeping the commandments, and a large home and an expensive car are marks of heavenly favor. Those who make this charge point to the apparent susceptibility of Utahns (predominantly Latter-day Saints) to the speculative proposals of various get-rich-quick artists. They claim that many Utahns are gullible and overeager for wealth.
Certainly, Utah has had many victims of speculative enterprises. For at least a decade there have been a succession of frauds worked by predominantly Mormon entrepreneurs upon predominantly Mormon victims. Stock manipulations; residential mortgage financings; gold, silver, diamonds, uranium, and document investments; pyramid schemes—all have taken their toll upon the faithful and gullible. Whether inherently too trusting or just naïvely overeager for a shortcut to the material prosperity some see as the badge of righteousness, some Latter-day Saints are apparently too vulnerable to the lure of sudden wealth.
Objective observers differ on whether Latter-day Saints are more susceptible to get-rich-quick proposals than other citizens. However that may be, it is disturbing that there is no clear evidence that Latter-day Saints are less susceptible. Men and women who have heard and taken to heart the scriptural warnings against materialism should not be vulnerable to the deceitfulness of riches and the extravagant blandishments of its promoters.[3]
Get-rich-quick schemes? Mormon gullibility? What hogwash. Let's cut this down to reality. LDS get married too young, have too many kids, and pay too much tithing. That's it.
Edit: I read this page 3 times and I'm almost certain that the word "tithing" never appears. Please someone prove me wrong and show that the apologists wrote tithing when it's an obvious contributor.
"Whatever appears to be against the Book of Mormon is going to be overturned at some time in the future. So we can be pretty open minded."-charity 3/7/07