Bankruptcy Quote by Barbara Mikulski
“In my very first term there was an issue that brought us [George Mitchell, Ted Kennedy, Chris Dodd] together in a very deep, emotional, and personal level.It was called 'spousal impoverishment' and it meant that for one person [to go into] a nursing home, the family [ ], could go near bankruptcy, and then they'd end up with a lien on the family farm or the home. And so I wanted to change that.”
About This Quote
Spousal impoverishment shows how caregiving can financially devastate families, prompting policy change to protect them.
In simple terms: Caregiving can cause financial ruin, needing policy reform.
Advocate for caregiver financial protection.
Themes
Mood
Type
When to use this quote
- nursing home costs
- family farms
- legislative reform
Key Concepts
Questions to Reflect On
- What safeguards protect families?
- How to fund reforms?
Policy change may be slow and face opposition.