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The Rise in Personal Bankruptcies: The Eighth Federal Reserve District and Beyond

Version
v1
Resource Type
Dataset : survey data
Creator
  • Garrett, Thomas A. (Federal Reserve Bank of St. Louis)
Other Title
  • Version 1 (Subtitle)
Publication Date
2007-03-16
Funding Reference
  • Federal Reserve Bank of St. Louis. Research Division
Language
English
Free Keywords
bankruptcy; credit card debt; personal debt; personal finances; savings
Description
  • Abstract

    Personal bankruptcy filings in the United States increased, per capita, nearly 350 percent between 1980 and 2005. This paper first addresses the changes in economic and institutional factors that have occurred over the past 100 years, many of which have occurred in the past 30 years, which are likely contributors to the dramatic rise in personal bankruptcy filings seen across the country. These factors include a reduction in personal savings, an increase in consumer debt, the proliferation of revolving credit, changes to bankruptcy law, and a reduced social stigma associated with filing for bankruptcy. Given the availability of bankruptcy data at various levels of aggregation, the remaining sections of the paper contain results from several different empirical analyses of bankruptcy filings using various data sets. Careful attention is paid to personal bankruptcy filings in counties located in Eighth Federal Reserve District states.
  • Table of Contents

    Datasets:

    • DS1: Dataset
Geographic Coverage
  • United States
Collection Mode
  • These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.

Availability
Download
This study is freely available to the general public via web download.
Alternative Identifiers
  • 1341 (Type: ICPSR Study Number)
Publications
  • Garrett, Thomas A.. The rise in personal bankruptcies: The Eighth Federal Reserve District and beyond. Federal Reserve Bank of St. Louis Review.89, (1), 15-37.2007.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

Garrett, Thomas A. (2007): The Rise in Personal Bankruptcies: The Eighth Federal Reserve District and Beyond. Version 1. Version: v1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/ICPSR01341.v1