Media release: Insolvent debtors are getting older — Australian Financial Security Authority

See the Ages of insolvent debtors publication.

Ages of insolvent debtors since 2008

 Age of insolvent debtors since 2008

The most common age of insolvent debtors increased from 37 years in 2008 to 43 years in 2014. The age of debtors increased in all types of personal insolvency. Debt agreement debtors tend to be younger than other categories of debtor. The most common age of debt agreement debtors increased from 25 years in 2008 to 28 years in 2014.

People aged between 35 and 49 years are more likely to enter a personal insolvency than other age groups. In 2014, 39% of insolvent debtors were aged between 35 and 49 years.

The proportion of debtors aged between 50 and 54 years showed the strongest growth of any age group between 2008 and 2014. This occurred in all types of personal insolvency.

The proportion of debtors aged between 17 and 24 years fell from 10% of debtors in 2008 to 8% of debtors in 2014. There was a similar fall in the proportion of debtors aged between 35 and 39 years. In 2008, 14% of debtors were aged between 35 and 39 years. This fell to 12% in 2014.