Men are more likely to struggle to pay their bills and go bankrupt, new data suggests.
Just over 29,000 Australians were declared personally insolvent in 2015, with 58 per cent of those being men.
Nearly two thirds of those men were bankrupt, data from the Australian Financial Security Authority shows.
Losing a job or income followed closely by over using credit were the main causes for both men and women declared insolvent.
Women were more likely than men to be vulnerable to debt following relationship breakdowns.
Wesley Mission Community legal services solicitor Jodie Rollason said family breakdown often left many people struggling with unmanageable debts.
She said those end up facing unmanageable debts often don’t know t…
Read the full article at: http://www.sbs.com.au/news/article/2016/03/22/men-more-likely-go-bankrupt-women