I'll give it to the New York Times: say what you will about the decline of the print media, the Gray Lady can still set the news agenda. On August 5th the Times published “Too Little Too Late': Bankruptcy Booms Among Older Americans,” which claimed that bankruptcies among retirees have skyrocketed due to “vanishing pensions, soaring medical expenses, inadequate savings.” In the days that followed, news outlets large and small produced copycat stories repeating the same findings, all of which were drawn from a single study.
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