Personal bankruptcies are climbing at a rate of about 10% each year here in Michigan, and a significant factor is said to be the drop in overtime for autoworkers. Overtime has dropped from an average of about 8 hours/week a decade ago to under 3 hours/week this year, as reduced production takes its toll. Regardless, there are a lot of people who count on an extra five or ten hours a week, assuming that it'll be there in the future just because it was in the past. Really, though - someone's pay drops to $87,000/year and that forces a bankruptcy? Get Dave Ramsey on the case, ASAP. Deserving of scorn or not, this is the sort of thing that tends to have ripple effects throughout the economy, and one has to wonder how long it will be until the auto industry starts feeling some pain.