Those looking for economic bright spots will not find it in foreclosures or bankruptcies. "More Americans filed for bankruptcy protection in March than during any month since the federal personal bankruptcy law was tightened in October 2005, a new report says, a result of high unemployment and the housing crash. Federal courts reported over 158,000 bankruptcy filings in March, or 6,900 a day, a rise of 35 percent from February, according to a report to be released on Friday by Automated Access to Court Electronic Records, a data collection company known as Aacer. Filings were up 19 percent over March 2009. The previous record over the last five years was 133,000 in October." Steep Increase in Personal Bankruptcies in March - NYTimes.com More bankruptcies mean less buying power and consumption. This trend will result in a significant decrease in the overall consumption by Americans...especially those who choose to buy on credit as there is no credit available to those who choose bankruptcy. It means people are choosing to "start over" and that means frugality.