According to government data, there were more than 388,000 non-business bankruptcies between March 2022 to March 2023, significantly lower than levels from a few years ago: In 2019, more than 750,000 non-business bankruptcies were filed.
That phenomenon may be partially reflected in current economic data: Despite an overall slowing of economic growth, the unemployment rate has remained at multi-year lows, and is currently just 3.6%. Personal bankruptcies are lower than pre-pandemic levels, as well. According to government data, there were more than 388,000 non-business bankruptcies between March 2022 to March 2023, significantly lower than levels from a few years ago: In 2019, more than 750,000 non-business bankruptcies were filed.