Thursday, October 21, 2010

Hoarders: Buried in Debt

By Erica Sandberg

It's easy to spot the home of a hoarder. As many have seen through the popular A&E TV show "Hoarders," people with this mental disorder pile up possessions and never throw anything out, turning their homes into wrecks.

What's less visible is the financial wreckage committed by the estimated600,000 to 1.2 million hoarders. Their compulsive, incessant acquiring behavior can leave bank accounts as empty as their homes are full.

How hoarding leads to money problems
While most people buy and keep things they don't need occasionally, hoarders go to sad extremes: Bedrooms become impassible due to piles of never-worn clothes, dishwashers get filled with never-read newspapers, and never-played games teeter in stacks that near the ceiling..." More

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