By Jeff Field | Published July 29, 2024 | Posted in COVID-19, Personal Bankruptcy, Student Debt | Tagged Tags: inflation rates, mortgage, paycheck, payday loans | Leave a comment
Bankruptcies Surge Among Millennials
Millennials are known for their tech savvy, and while older generations might still think of them of kids, even the youngest members of this group are approaching age 30. As they start families and look to advance their careers, millennials are also increasingly facing various sources of financial stress. In response, more millennials than ever Read More
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Inflation Cited As Factor As Bankruptcies Increase
If you’ve felt extra financial pressure over the past couple of years, you’re not alone. Data from 2023 shows that bankruptcies are on the rise in the United States. While multiple factors have contributed to this increase, one significant driver is the persistence of inflation following the COVID-19 pandemic. As prices for essential goods and Read More
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Debt Issues Leading More Seniors to File for Bankruptcy
In recent years, there has been a notable increase in the number of seniors filing for bankruptcy across the United States. This trend underscores the financial challenges faced by older adults and highlights the complexities of planning for retirement amidst economic uncertainties. Traditionally, many individuals in their sixties and beyond could rely on pensions that Read More
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