Call it Babylon Revisited for the 21st century. An unemployed, homeless and bankrupt man in Orange County, Calif., is living off the rewards points he accumulated while traveling on business in more prosperous times.

According to an account in the The Orange County Register, Jim Kennedy, 46, was a former corporate developer with a six figure income until he was laid off during the economic downturn. Unable to keep up on his mortgage payments, his condo was foreclosed in January after having filed for bankruptcy in August 2009. Now he is living at different local hotels off his credit card rewards and frequent flier points, accumulated when he traveled for his previous job.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.