The third article from The Wall Street Journal (free content at this writing) continues a series that I've referenced recently. The article is about people who choose to walk away from their mortgages, even when they can still make the payments. What I found helpful was a side-bar about the big questions people face when making the decision. I was pleased to see a couple of questions that were about ethics/morals of debt. The interactive graphic which shows the percentage of foreclosures that were deemed "strategic" in each state, is also worth looking at.
Do you think it's worth using the article and the "Big Questions" with your students in economics class? How about in personal finance?
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