20. The fastest growing group of people filing for bankruptcy are: a. under 25 b. 25-30 C. 30-45 d. senior citizens

The correct answer is d. senior citizens.

According to recent data, the fastest growing group of people filing for bankruptcy are senior citizens. This trend has been observed in recent years, with an increasing number of seniors facing financial difficulties and resorting to bankruptcy as a last resort.

There are several factors contributing to this trend. One reason is the rising cost of healthcare and medical expenses, which can be a significant burden for seniors who may have limited income and savings. Additionally, many seniors may have fixed incomes or rely on pensions, which can be insufficient to cover their living expenses.

Furthermore, the COVID-19 pandemic has had a significant impact on the financial well-being of many individuals, including seniors. The pandemic has led to job losses, reduced income, and increased expenses, which has put a strain on the finances of many people, particularly those in the older age group.

It is important to note that bankruptcy should be considered as a last resort and individuals should seek alternative options, such as debt counseling, financial planning, or legal assistance, before resorting to bankruptcy.