Busted: Consumer and commercial bankruptcy filings are expected to hit 1.5 million in 2009, according to USA Today. That’s a sharp increase over the 1.1 million filings that happened in 2008 and a fallout from the rising job losses and the tight credit markets. The Automated Access to Court Electronic Records says filings hit 6,000 in May, up from an average of 5,850 in April. Read the story here.
It can’t happen here: A new survey shows that although two out of every three Americans know someone who has been laid off during the current recession, 79% feel secure in their own jobs. The poll, conducted by Princeton Survey Research Associates International for Bankrate, found that older workers were less confident about their jobs. Thirty-two percent of those over 50 say they feel “insecure” about their current employment, compared with 13% of workers under 34.
