- Businesses are declaring bankruptcy at a significantly higher rate than last year, with a 40.3% increase in filings compared to the previous year. - Notable companies like [[Avon Products | Avon]], [[Equinox Group | Blink Fitness]], LL Flooring, [[Rite Aid]], and [[Walgreens]] have filed for bankruptcy or are closing numerous stores. - Despite these economic indicators, the author, [[Michael P. Snyder | Michael Snyder]], argues that the government is misrepresenting the state of the economy, claiming low [[Unemployment | unemployment]] and a booming economy despite evidence to the contrary. ## Sources - [website](http://theeconomiccollapseblog.com/thousands-of-businesses-are-going-bankrupt-but-the-economy-is-fine/)