Personal insolvency agreement debtors

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

Ages of personal insolvency agreement debtors since 2008

The most common age of personal insolvency agreement debtors increased from 41 years in 2008 to 47 years in 2014.

Where we could identify the age of debtors, the proportion of personal insolvency agreement debtors aged between 35 and 49 years fell from 56% in 2008 to 47% in 2014. Within this age group, the biggest fall occurred in personal insolvency agreement debtors aged between 35 and 39 years.

The proportion of personal insolvency agreement debtors aged between 50 and 64 years increased from 24% in 2008 to 35% in 2014. There were increases in all age groups in this range. Within this age group, the biggest rise occurred in personal insolvency agreement debtors between 50 and 54 years.

Debtors compared to the population in 2014

Debtors compared to the population in 2014
Ages (years) Proportion of personal insolvency agreement debtors Proportion of population aged 17 years and over*
17 - 24 0% 14%
25 - 29 1% 9%
30 - 34 7% 9%
35 - 39 8% 8%
40 - 44 17% 9%
45 - 49 21% 8%
50 - 54 19% 8%
55 - 59 8% 8%
60 - 64 8% 7%
65 - 69 3% 6%
70 and over 7% 13%
Age unknown 0% not applicable

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

  • 45 – 49 years: 21% of debtors compared to 8% of the population*
  • 50 – 54 years: 19% of debtors compared to 8% of the population.*

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

  • 17 – 24 years: 0% of debtors compared to 14% of the population*
  • 25 – 29 years: 1% of debtors compared to 9% of the population.*

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