Bankrupts

Read more about the ages of debtors entering bankruptcy.

Ages of bankrupts since 2008

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

Where we could identify the age of bankrupts, the proportion of bankrupts aged between 17 and 34 years fell from 29% in 2008 to 24% in 2014. There were falls in all age groups in this range. The largest fall was in bankrupts aged between 17 and 24 years.

The proportion of bankrupts in all age groups aged less than 40 years has fallen since 2008.

The proportion of bankrupts aged between 50 and 64 years increased from 22% in 2008 to 26% in 2014. There were increases in all age groups in this range. The largest increase was in bankrupts aged between 50 and 54 years.

Bankrupts compared to the population in 2014

Bankrupts compared to the population in 2014
Age (years) Proportion of bankrupts Proportion of population aged 17 years and over*
17 - 24 5% 14%
25 - 29 8% 9%
30 - 34 10% 9%
35 - 39 12% 8%
40 - 44 15% 9%
45 - 49 14% 8%
50 - 54 12% 8%
55 - 59 7% 8%
60 - 64 6% 7%
65 - 69 4% 6%
70 years and over 4% 13%
Age unknown 2% not applicable

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

  • 40 – 44 years: 15% of bankrupts compared to 9% of the population*
  • 45 – 49 years: 14% of bankrupts compared to 8% of the population.*

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

  • 17 – 24 years: 5% of bankrupts compared to 14% of the population*
  • 70 years or more: 4% of bankrupts 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.