What's the percent of NYSE companies declared bankruptcy since it started?

Question

Or like on average in say 40 years or something how many companies on the exchange go into bankrupcy? How do you figure this out?

Answer 1

American companies are now failing at the rate of 500 a week!

The wild cheering on the floor of the 'New York Stock Exchange' (NYSE) and around the financial district last week did not spread much beyond 'Wall Street'. Across the U.S. there is still deepening gloom about the economy, and no single group is more painfully aware of it than the beleaguered owners of American businesses. This year their ranks are being trimmed by bankruptcy faster than at any time since the Depression.

Companies are going into bankruptcy court and asking for protection from their creditors at the rate of about 500 every week. By the end of September, 18,572 companies had already filed for bankruptcy, more than in all of 1981. Wall Street's Dun & Bradstreet predicts that the number of corporate and commercial failures will approach 24,000 by the end of the year.

That total does not include a far greater number of firms, perhaps as many as 4,000 weekly, that simply fold up and quit after paying off their debts. When a plant gate is padlocked or when the neighborhood dry cleaner shuts its doors, jobs are lost, investments vanish, and dreams turn into dust.

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