Bankruptcy filings in the United States increased over the past year among both individuals and businesses, according to the Administrative Office of the U.S. Courts.
“Annual bankruptcy filings totaled 486,613 in the year ending June 2024, compared with 418,724 cases in the previous year,” reads a July 25 news release.
This is a 16.2 percent jump over the previous year. While personal bankruptcy filings increased by more than 15 percent, business filings jumped by more than 40 percent. Filings have increased every quarter since June 2022, it said.
While some prominent retailers such as Rue21 have cited “inflation and macroeconomic headwinds” as reasons for filing bankruptcy, others such as Stop & Shop have pointed to “underperforming stores.” Connecticut-based Bob’s Stores said it faced difficulties to “secure the finances needed to maintain operations.” […]
– Read More: www.theepochtimes.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
