TW3 & fotografia la dolce vita

verum honorem

21 notes &

College graduates increase in bankruptcy filings

College graduates are the fastest-growing group of consumers who have filed for bankruptcy protection in the past five years, according to a new study by a financial nonprofit, which underscores the broad reach of the Great Recession.

The survey by the Institute for Financial Literacy, slated for release Tuesday, found that the percentage of debtors with a bachelor’s degree rose from 11.2 percent in 2006 to 13.6 percent in 2010. The group tracked similar but smaller increases in consumers with two-year associate and graduate degrees. Meanwhile, the percentage of debtors with a high school diploma or who did not finish college declined.

http://www.washingtonpost.com/business/economy/study-college-graduates-driving-increase-in-bankuptcy-filings/2011/09/12/gIQAmemtNK_story.html?hpid=z4

Filed under College graduates consumers bankruptcy Great Recession

  1. tw3news posted this