Story thread · 2 reports / 2 sources
The Forgotten Generation Is Broke: 50% of All New Bankruptcies Are 40-59 Year Olds
247wallst.com · 1d · first report
How the coverage leans
Across 2 sources · syndicated copies counted once
The rise in consumer bankruptcies is becoming less about younger Americans getting in over their heads and more about older households struggling to carry debt into their peak earning and retirement years. However, it goes beyond household balance sheets. When consumers run into trouble, lenders eventually feel it through higher charge-offs, tighter credit, and weaker […]
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