US bankruptcies are skyrocketing -- and that's only half of the story

2023-May-25 14:54 By:

US bankruptcies are skyrocketing -- and that's only half of the story

Although there isn’t an official recession in the US, a large — and growing — number of U.S. companies are declaring bankruptcy, according to The Hill report. According to a new report from S&P Global, the number of companies that have gone bankrupt so far in 2023 is higher than the first four months of any year since 2010. Filings through April have pushed the year-to-date count to 236 — more than double the comparable figure a year ago and higher than any of the prior 12 years.

Editor: ZAD
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