Old, female and going bankrupt

By DAILY MAIL REPORTER
Updated:

 

Pensioners are the fastest growing group of bankrupts in Britain, the UK Insolvency Service has found.

The number of people aged 65 and over going bankrupt has increased six-fold over the past decade, and at a rate 50% faster than any other age group.

Campaigners say the trend is worrying, given that most pensioners have passed their peak earnings years.

The number of women announcing insolvency in Britain has also jumped, to 40% of all bankrupts in 2009 from 29% in 2000.

Bankruptcy rates have risen across all age groups over the past decade, reaching a peak in 2009.

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