All debtors

Read more about the ages of debtors entering a personal insolvency.

Ages of insolvent debtors since 2008

The most common age of insolvent debtors increased from 37 years in 2008 to 43 years in 2014.

Where we could identify the age of debtors, the proportion of debtors aged between 35 and 49 years fell from 40% in 2008 to 39% in 2014. The decline in the proportion of debtors aged between 35 and 39 years drove this fall.

The proportion of debtors aged between 50 and 64 years increased from 20% in 2008 to 22% in 2014. Within this age range, the biggest rise was in debtors aged between 50 and 54 years.

Debtors compared to the population in 2014

Debtors compared to the population in 2014
Age (years) Proportion of debtors Proportion of population ages 17 years and over*
17 - 24 8% 14%
25 - 29 12% 9%
30 - 34 12% 9%
35 - 39 12% 8%
40 - 44 14% 9%
45 - 49 12% 8%
50 - 54 11% 8%
55 - 59 6% 8%
60 - 64 5% 7%
65 - 69 3% 6%
70 or over 3% 13%
Age unknown 2% not applicable

The following age groups had the highest levels of over-representation in insolvent debtors compared to the population in 2014:

  • 40 – 44 years: 14% of debtors compared to 9% of the population*
  • 45 – 49 years: 12% of debtors compared to 8% of the population.*

The following age groups had the highest levels of under-representation in insolvent debtors compared to the population in 2014:

  • 17 – 24 years: 8% of debtors compared to 14% of the population*
  • 70 years or over: 3% of debtors compared to 13% of the population.*

 

* Population figures are for June 2014. Source: Australian Bureau of Statistics, Australian Demographic Statistics, June 2014, catalogue number 3101.0.