Bankruptcy rate rises 48% between 2022 and 2025
The number of Americans filing for bankruptcy has increased significantly, rising approximately 48% between 2022 and 2025. Despite this sharp increase, current bankruptcy rates remain lower than they were before the COVID-19 pandemic. This trend suggests growing financial stress among American households even as the overall rate hasn't yet returned to pre-pandemic levels.
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More Americans are going bankrupt. What does that mean?
The number of Americans filing for bankruptcy has increased significantly, rising approximately 48% between 2022 and 2025. Despite this sharp increase, current bankruptcy rates remain lower than they were before the COVID-19 pandemic. This trend suggests growing financial stress among American households even as the overall rate hasn't yet returned to pre-pandemic levels.
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