BREAKING: US bankruptcies hit a 14-year high in 2024, rising by 9% year-over-year, with a total of 694 large companies going bankrupt.

Over the last 2 years, bankruptcies are up 87% and have officially exceeded filings in 2020.

In December 2024, 61 large firms filed for bankruptcy, the most for any December in at least 5 years.

The consumer discretionary sector felt the most pain, recording 109 bankruptcies, followed by industrials and healthcare, at 90 and 65.

Companies continued to struggle due to high interest rates and decreasing consumer spending due to elevated inflation.

Bankruptcies are accelerating.