A report from The Warren Group paints a bleak picture of 2009 Connecticut:
Personal bankruptcy filings in Connecticut skyrocketed 44 percent in the third quarter compared with a year earlier as job losses and salary cuts squeezed household budgets burdened by high credit card bills, a new report showed Monday.
There were 2,569 personal bankruptcy filings in the state in the three months ending Sept. 30, compared with 1,773 for the same period in 2008, according to the report from The Warren Group.
“It all boils down to consumers that are stretched too thin,” said Donald L. Klepper-Smith, an economist at DataCore Partners Inc. in New Haven. “It’s the basic lack of income in an economic downturn.”
Connecticut has lost 79,100 jobs since employment peaked in March 2008. When the state releases its September employment report today, Klepper-Smith said he expects that the state will have lost 1,500 to 2,500 additional jobs.