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Bankruptcy Filings Increase Among College Educated, Marrieds

The profile of the average American unable to pay accumulated debt is changing, and this time it seems certain markers of stability- namely college education and marriage- no longer offer the same levels of protection for everyday Americans from financial ruin.

In the past, lower-income Americans often found themselves in bankruptcy court filing for Chapter 7, as well as the newly divorced and broke- demographics more vulnerable to financial setbacks and more prone to spiraling debt issues. But new demographic data reveals that as fiscal hardships reverberate throughout the middle class, so too does the likelihood that Americans who have achieved these benchmarks of success will declare bankruptcy.