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US Corporate Bankruptcies Hit 14-Year High in 2024
In 2024, US corporate bankruptcies reached 686, an 8% increase from 2023 and the highest since 2010, driven by high interest rates, reduced consumer spending, and inflationary pressures; notable bankruptcies include Party City, Red Lobster, and the Container Store.
US Corporate Bankruptcies Hit 14-Year High in 2024
In 2024, US corporate bankruptcies reached 686, an 8% increase from 2023 and the highest since 2010, driven by high interest rates, reduced consumer spending, and inflationary pressures; notable bankruptcies include Party City, Red Lobster, and the Container Store.
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