Podknife - 338 – The Pandemic Debtor: Older and Going Bankrupt by Debt Free in 30

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338 – The Pandemic Debtor: Older and Going Bankrupt

Podcast |: Debt Free in 30
Publisher |: Doug Hoyes
Media Type |: audio
Podknife tags |: Investing,; Personal Finance
Categories Via RSS |: Business,; Investing
Publication Date |: Feb 20, 2021
Episode Duration |: 00:26:53

The Hoyes Michalos 2020 Bankruptcy Study revealed that for the first time in four years insolvencies shifted back to an older demographic. The share of insolvencies among those 50 and older increased from 28% in 2019 to over 30% post-lockdown, while the share among younger generations declined. How did this happen? On today’s podcast, Ted Michalos and Doug Hoyes discuss how the pandemic changed insolvency trends, including who is filing bankruptcy, and what the numbers might mean to you. Tune in!