U.S. Economy Wrestles with Post-Pandemic Challenges and Dynamic Shifts in Bankruptcy Trends Through 2024
Washington, D.C. – As the world grappled with the aftermath of the COVID-19 pandemic, the United States experienced a year filled with significant economic fluctuation and legal transformations in the bankruptcy sector. The landscape of 2024 so far undulates with challenges such as persistent inflation, a dynamic shift in consumer spending habits, and landmark legal precedents affecting major industries and individual consumers alike. Despite reductions in the benchmark federal funds rate, consumer interest rates remained high, reflecting ongoing economic uncertainty. Unemployment rates stayed low throughout the year, presenting a thin silver lining amidst economic challenges … Read more