USA Corporate Bankruptcies | Legacy Wealth Management

Higher taxes. Inflation. Uncertainty… why would people be cutting back on “discretionary spending”?

With “affordable health care” from President Obama, why would the third largest sector going under be “healthcare”?

After hitting a nine-year high of 638 in 2020, U.S. corporate bankruptcies fell significantly during the economic rebound in 2021 and 2022, with stimulus measures and low interest rates helping businesses.

However, higher inflation, interest rate hikes, and an overall economic slowdown led to a sharp rise in bankruptcies in 2023.

Higher interest rates until the Fed cut rates going into the most recent election… good thing the Federal Reserve is apolitical… Right?

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