Tuesday, January 5, 2010

Stimulus Fail: Bankruptcies Up 32 pct in 2009

If the stimulus did anything to stimulate the economy in 2009, consumers weren't on the receiving end. Bankruptcies increased 32 percent last year.

AP via Yahoo News:

The AP gathered data from the nation's 90 bankruptcy districts and found 1.43 million filings, an increase of 32 percent from 2008. There were 116,000 recorded bankruptcies in December, up 22 percent from the same month a year before.

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