Leading contributors to personal bankruptcy in the United States 2013-2016

Published by
Veera Korhonen,
Jul 5, 2024
According to a survey of people who filed for bankruptcy in the United States between 2013 and 2016, the most common contributor to bankruptcy was income loss, with 77.8 percent of respondents either very much or somewhat agreeing that losing income contributed to their filing for bankruptcy. This compares to 44.4 percent of respondents who either very much or somewhat agreed that living beyond their means was a contributor to their bankruptcy.

Leading contributors to personal bankruptcy in the United States between 2013 and 2016

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Source

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Release date

February 2019

Region

United States

Survey time period

2013 to 2016

Number of respondents

910 respondents

Special properties

people who filed for bankruptcy during the survey period

Method of interview

Postal questionnaire

Supplementary notes

Multiple answers were possible.
The source did not disclose any responses other than very much agree or somewhat agree.

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