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WisconsinChristianNews.com
Volume 26, Issue 4
American Dream Dies, Bankruptcy Filings Surge
By USNewsMag.com August 2025
a well-connected political donor, you’re ex- posed.
Bankruptcy courts and legal aid offices are stretched to their limits, forced to triage the fallout. Creditors are tightening their stan- dards, making it even harder for struggling families to get a break. Small businesses are closing their doors, taking jobs and commu- nity stability with them. The ripple effects will be felt for years, as credit dries up, borrowing costs climb, and the American Dream slips
The reality for countless Americans in 2025 is a bitter financial hangover. After years of government overspending, inflationary mad- ness, and policies that rewarded everyone but working citizens, bankruptcy courts are now overflowing. In the first half of 2025 alone, fil- ings shot up by 10% from the same period
Inflation, Debt, and the Disastrous Legacy of Government Overreach What’s fueling this economic train wreck? It’s not a mystery — just ask any American who’s tried to buy groceries or fill up their gas tank. Persistent inflation has eroded real in-
further out of reach for the mid- dle class. Meanwhile, the so- called “solutions” offered by the last administration did nothing but kick the can down the road, leaving a mountain of debt and a legacy of broken promises. Every day, more Americans are learning firsthand what hap- pens when government puts ideology over common sense and fiscal responsibility. Analysts Warn: Economic Pain Will Persist Without Real Change Industry experts and legal professionals are sounding the alarm: this surge in bankruptcy filings is just the beginning un-
last year. That’s 276,126 Amer- icans and businesses forced to wave the white flag — 11.5% more than a year ago, and the largest increase since the initial COVID-19 fallout. Chapter 7 fil- ings rose a staggering 15%, while Chapter 13 was up 3% — all pointing to a nation suffocat- ing under the weight of debt and economic mismanagement. The so-called experts who promised “transitory inflation” have gone silent as ordinary people are left to pick up the pieces. Personal bankruptcies are just the tip of the iceberg. Small businesses — the backbone of Main Street — are being
crushed by surging interest rates and dwin- dling consumer spending. Commercial Chap- ter 11 filings spiked 62% in May before a brief dip in June, underscoring a volatile and hos- tile business environment. Pandemic-era re- lief programs are ancient history, and with student loan payments back in full swing, even those who once felt secure are now tee- tering on the edge. The collapse isn’t limited to a few unlucky sectors; it’s everywhere: re- tail, hospitality, local services — if you’re not a government-subsidized megacorporation or
comes, while the Federal Reserve’s interest rate hikes — meant to clean up the mess — have made it impossible for families and busi- nesses to keep up with loan payments. Con- sumer and business debt have hit record highs, and delinquencies on credit cards and auto loans are now at multi-year peaks. The government’s one-size-fits-all approach — endless money printing, open checkbooks for special interests, and a total disregard for the consequences — has failed spectacularly. Now, with student loan repayments resumed
less the fundamentals change. Data from Epiq AACER and the American Bankruptcy Institute — two of the most respected author- ities in the field — paint a grim picture. “Ele- vated interest rates, record-high credit card and household debt, and the resumption of student loan repayments and collections are all contributing factors driving more individ- uals to seek bankruptcy protection,” says Michael Hunter of Epiq AACER. Legal ana- lysts add that as long as inflation stays high and wage growth lags behind, bankruptcy rates are set to climb even higher. The only certainty is more pain, more closures, and more families forced to make impossible choices, unless policymakers finally put American citizens and fiscal sanity first. For those on Main Street, this isn’t just a statistic — it’s a daily battle for survival. The experts may argue over the details, but every- one agrees on one thing: the economic storm unleashed by years of reckless government policy is far from over, and its casualties are piling up from coast to coast.
and no relief in sight, millions are out of options. This is not just a “cycle” or a blip; it is the in- evitable result of policies that priori- tized political virtue- signaling, handouts to non-citizens, and the expansion of gov- ernment power over the prosperity of everyday Americans.
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