Do These Odds Still Hold True? #1
In 1996, the following claims were made:
- 1 in 24: Risk of falling behind in mortgage payments in the next 12 months
- 1 in 345: Risk of foreclosure
Your Task: Do you think these "risk" odds remain true today? How about in September of 2009? If they are not true, what odds do you think are true? Do some research and justify your conclusions.
Source: "A Fistful of Risks," Discover, May 1996, p. 82