According to data shared by the Administrative Office of the U.S. Courts, individual bankruptcy filings reached 542,529 cases, with an increase of 11.5% for the 12-month period ending on June 30, 2025. Based on internal data from Bank of America, 24% of Americans are living paycheck to paycheck. It’s evident that Americans are struggling with their finances as the cost of living has gone up, and many have been forced to make difficult decisions. GOBankingRates spoke with someone who went from filing for ...