Leading contributors to personal bankruptcy in the United States 2013-2016
According to a survey of people who filed for bankruptcy in the United States between 2013 and 2016, the most common contributor to bankruptcy was income loss, with 77.8 percent of respondents either very much or somewhat agreeing that losing income contributed to their filing for bankruptcy. This compares to 44.4 percent of respondents who either very much or somewhat agreed that living beyond their means was a contributor to their bankruptcy.
