on is BANKRUPTCY STATISTICS.
We this chart show a gradual increase in bankruptcy for the years 1989 - 1999.
The trend abated some in 2000 and 2001, and picked up in 2002.
The total filings for 2003 where 1,660,245
Check it out here.
In fact the BR (bankruptcy rate) has been rising on average for the past 20 years or more.
Has pictures at the bottom and I know you like pictures.
So is it Bush's reckless economic policies which caused more bankruptcies, irresponsible Americans, or evil credit card companies?
The average income of a person who files bankruptcy is $22,000.
The vast majority of bankruptcy filers are not wealthy individuals trying to cheat the system. According to a 1999 study by federal bankruptcy judges, the average person filing for bankruptcy earns just $22,000 per year. Most have suffered a significant period of unemployment before filing. According to a report by Consumers Union, among elderly debtors, 85% cite medical or job problems as the reason for bankruptcy. Consumers Union also says that single moms trying to make ends meet make up a large portion of bankruptcy filers. They note that "a divorced women is 300% more likely to find herself in bankruptcy than a married or single woman, and a divorced woman raising children and trying to collect child support is 500% more likely to end up in bankruptcy."
If the new legislation is passed by this Congress, these changes will be devastating to many people who find themselves out of work, ill, or injured, and over their head in debt.
Given the above information bankruptcy seems to be a social problem that is not caused by Bush, but by more credit, high devoice rates, a slow economy and other such social factors.