The Kobeissi Letter(@KobeissiLetter):BREAKING: US consumers aged 40-49 now account for 26.8% of new consumer bankruptcies, their highest proportion since Q3 2015 and the largest among all age groups. At the same time, the 50-59 group represents 23.1%, bringing the combined proportion of Americans aged 40-59 to 49.9%, the largest since Q1 2017. To put this into perspective, this figure peaked at 54.3% in Q4 2011, following the 2008 Financial Crisis. Furthermore, those aged 70+ now make up 21.5% of all new consumer bankruptcies, their largest proportion since Q2 2017. Meanwhile, Americans aged 18-29 now account for only 5.9% of new bankruptcies, their lowest percentage since Q2 2014. Older Americans are falling behind on their debt.

2026.09.15 00:27

BREAKING: US consumers aged 40-49 now account for 26.8% of new consumer bankruptcies, their highest proportion since Q3 2015 and the largest among all age groups. At the same time, the 50-59 group represents 23.1%, bringing the combined proportion of Americans aged 40-59 to 49.9%, the largest since Q1 2017. To put this into perspective, this figure peaked at 54.3% in Q4 2011, following the 2008 Financial Crisis. Furthermore, those aged 70+ now make up 21.5% of all new consumer bankruptcies, their largest proportion since Q2 2017. Meanwhile, Americans aged 18-29 now account for only 5.9% of new bankruptcies, their lowest percentage since Q2 2014. Older Americans are falling behind on their debt.