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Up, up and away: personal bankruptcies soar!

Author

Listed:
  • Thomas A. Garrett
  • Lesli S. Ott

Abstract

Over the past 24 years, the U.S. rate of personal bankruptcies jumped nearly 350 percent. The rate varies greatly among states. Tennessee's rate last year-the highest in the nation-was more than 10 filings per 1,000 people, nearly four times the rate in Massachusetts.

Suggested Citation

  • Thomas A. Garrett & Lesli S. Ott, 2005. "Up, up and away: personal bankruptcies soar!," The Regional Economist, Federal Reserve Bank of St. Louis, issue Oct, pages 10-11.
  • Handle: RePEc:fip:fedlre:y:2005:i:oct:p:10-11
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    Keywords

    Bankruptcy ; Finance; Personal;

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