Thursday, February 24, 2005

Ohio Bankruptcy Rate Rises Fastest

 

Akron Beacon Journal

 

Ohio's rate of personal bankruptcies rose faster than that of any other state at the beginning of this decade, and the Buckeye State has the eighth-highest rate in the nation, according to a report released by Cleveland-based Policy Matters Ohio.
 

Bankruptcy rates in the state and the nation rose to records in 2003, the latest year the report examines.
 

There were 7.7 personal bankruptcy filings for every 1,000 Ohio residents, up from 4.6 in 2000; there were 5.5 for every 1,000 Americans, the group said.
 

Amy Hanauer, executive director of Policy Matters, blamed job losses in Ohio.
 


 

Akron Beacon Journal  02/24/2005

 

Policy Matters Ohio   2912 Euclid Avenue   Cleveland, OH  44115

ph: 216/931-9922   fax: 216/931-9924

http://www.policymattersohio.org

Policy Matters Ohio is a non-profit policy research organization founded in January 2000 to broaden the debate about economic policy in Ohio. Our mission is to conduct high-quality research promoting decisions which benefit our whole community. Given the challenges of a rapidly-changing economic system, rising wage inequality, new issues in education and changes in the way work is organized, it is imperative that Ohio workers have a voice in the economic debate.

 

Policy Matters provides real-world analysis focused on issues that matter to low- and middle-income workers in Ohio. Our findings are accessible to the public, the media, and policy makers. We hope to strengthen democracy by providing Ohio's citizens with the essential tools to participate in the public discussion on the economy. We believe this will result in economic policies that better reflect the public interest.