Bankruptcies in 2023 are at the same levels seen in 2020 and...
Bankruptcies in 2023 are at the same levels seen in 2020 and the highest YTD total since 2010.
However, bankruptcies have been largely concentrated to Consumer, Health Care and Industrial companies.
~64% of all bankruptcies in 2023 have been in one of those three sectors.
This is yet another sign that consumers are feeling the pain of inflation.
All as consumers are taking on record levels of credit card debt at record high interest rates.
What's the long term plan here?
However, bankruptcies have been largely concentrated to Consumer, Health Care and Industrial companies.
~64% of all bankruptcies in 2023 have been in one of those three sectors.
This is yet another sign that consumers are feeling the pain of inflation.
All as consumers are taking on record levels of credit card debt at record high interest rates.
What's the long term plan here?
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