NPR (Stephan Bisaha) - More Americans are going bankrupt. What does that mean?
The bankruptcy rate has risen about 48% between 2022 and 2025, although it's still below pre-pandemic levels.
The bankruptcy rate has risen about 48% between 2022 and 2025, although it's still below pre-pandemic levels.
'$19 trillion'
U.S. household debt, including mortgages, credit cards, auto loans and student loans, reached an all-time high of $18.8 trillion in the first three months of the year.
As prices increase for gas, groceries and other staples, more and more households are borrowing to get by.