Question by patch: What do I have to pay in consumer prices when someone else goes bankrupt?
Consumer bankruptcy filings have skyrocketed in recent years. Bankruptcies rose 94.7 percent from 1990 – 2000, causing American families to pay an additional $ 400 a year in increased costs of goods and services, according to the American Bankers Association. I would like to know what that amounts to for 2008 with all the bankruptcies going on.
Best answer:
Answer by STEVEN F
There IS NO answer to this question. MOST of the events that will determine the answer have not happened yet. Even AFTER the fact, any answer is an ESTIMATE. Actual numbers, including the number you quoted are IMPOSSIBLE to compute accurately.
What do you think? Answer below!