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Why is the bankruptcy rate going up?

Results ★

People are frivolous and take out credit they cannot afford.
50.22%
It's because the cost of living is so expensive compared to people's wages.
28.04%
It's an easy way out for those who don't want to pay back lenders.
20.84%
It's students who get themselves into so much debt.
0.90%

Why is the bankruptcy rate going up?

 AnswerPercentageVotes
Total: 667
A.People are frivolous and take out credit they cannot afford.50.22 %335
B.It's because the cost of living is so expensive compared to people's wages.28.04 %187
C.It's an easy way out for those who don't want to pay back lenders.20.84 %139
D.It's students who get themselves into so much debt.0.90 %6
Stats until: 09:53 Sat 13th Apr 2024 (Refreshed every 5 minutes)