Excessive credit drives personal insolvencies
By Martin North, cross-posted from the Digital Finance Analytics Blog: New data from the Australian Financial Security Authority shows that in 2016–17, the most common non-business related causes of debtors entering personal insolvencies were: excessive use of credit (8,870 debtors) unemployment or loss of income (8,035 debtors) domestic discord or relationship breakdown (3,222 debtors).