Economic Charts

Warning: Bankruptcy Filings Spike

Updated: Apr 22, 2024 | Published: Mar 25, 2024
Verified Investing
By Verified Investing
Warning: Bankruptcy Filings Spike

Investors need to be on alert as bankruptcy filings are rising quickly. With inflation hurting consumers and credit card debt surging, this is a trend that likely will continue.

Shockingly, bankruptcy filings are now nearing the Covid highs and just below the 2008-2009 financial crisis highs.

This surge in bankruptcies is coming during a period of strong consumer spending and a resilient economy.

With the stock market at all time-highs, many investor think the good times will keep going. But these bankruptcy stats show businesses and people are not doing well, and this is before a potential recession hits.