Soaring student loans are weighing on the economy
Here's why consumer bankruptcies are growing and likely to be bigger ahead.
- Personal bankruptcies are rising.
- Consumer stress is growing with rising prices, tariffs and slowing job growth.
- Medical expenses, job losses and divorce are among the top problems that lead to a bankruptcy.
Personal bankruptcy filings are up as much as 15% in 2025. It's likely they'll rise even more in 2026.
Some of it is the economy, which may look great overall on paper. (Nvidia (NVDA) hit a new 52-week high on Thursday.) But many consumers are stressed from slowing job growth, tariffs, and business uncertainty.
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