Young renters bearing the brunt of cost-of-living pressures will be a driving force of a more than 20 per cent rise in annual bankruptcies for at least the next two years, according to government forecasts.
The Australian Financial Security Authority expects personal insolvencies to jump 23 per cent to 12,250 in 2023-24, and a further 20 per cent in 2024-25 to 14,750.
Loading...
Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
