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Corporate Bankruptcies Soar 14% Amid Economic Turmoil

12/30/2025

50 11 Full Breakdown

Summary

Story summary

In 2025, United States corporate bankruptcies surged to levels unseen since the Great Recession.
Through November 2025, at least 717 firms filed for bankruptcy, up 14% from 2024.
Notable failures include Spirit Airlines, Rite Aid, and 23andMe in 2025.
Tariffs have disproportionately affected industrial sectors, with manufacturers losing over 70,000 jobs.

History

Historical Context

The Great Recession, which began in December 2007 and ended in June 2009, was triggered by the collapse of the U.S. housing bubble and the subsequent failure of major financial institutions like Lehman Brothers. This crisis led to over 6,000 corporate bankruptcies in 2008 and millions of job losses. The recent rise in U.S. bankruptcies, with 717 firms filing in 2025, reflects ongoing economic vulnerabilities.

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Story summary

In 2025, United States corporate bankruptcies surged to levels unseen since the Great Recession.
Through November 2025, at least 717 firms filed for bankruptcy, up 14% from 2024.
Notable failures include Spirit Airlines, Rite Aid, and 23andMe in 2025.
Tariffs have disproportionately affected industrial sectors, with manufacturers losing over 70,000 jobs.

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