Debtors old forty to forty-two accounted for 24% of all the insolvencies, a low level since the 2011 once we began all of our studies. 9%.

Debtors within generation was expected to be females (52%) and you can claimed the greatest part of single-parent households (24%, 33% amongst females within their forties). This generation are probably in order to mention marital activities (20%) due to the fact a real reason for the financial challenge, with little to no difference in men (19%) and you may lady (21%) debtors.

Debtors inside age group as well as claimed the most significant miss inside the earnings, that have debtor earnings off 4.3% and you can home money off 4.7%. They certainly were probably to be self-employed (9%), which have 41% filing which have taxation debt.

fifty in order to 59

Insolvency filings among those old 50 so you’re able to 59 decrease so you can sixteen% of the many filings, a low peak because the i began the study in 2011. Debtors inside age group owed an average of $59,766 during the personal debt, upwards ten.4%, the greatest rate of growth among all age groups.

Debtors within 50s have been very likely to be male (54%) and you will have been most likely to get divorced otherwise split up (35%). Continue reading →