Rising insolvencies hint at growing cracks in Australia’s economy.
2017 has been a financially stressful year for Australians.
According to the Australian Financial Security Authority (AFSA), personal insolvencies are up by 8% in the September 2017 quarter compared to the same quarter last year. This is the second distinct spike in 2017, with the March quarter showing an even higher 10.8% rise compared to the same time the year before.
The 2017 June quarter saw a drop of -3.5% compared to the same quarter last year, but that’s compared to a concentrated 13.7% the year before.
Personal insolvencies Sep 2014-Sep 2017
The overall number of insolvencies was up 2.1% in 2016-2016…
Read the full article at: https://www.finder.com.au/personal-insolvency-rising-2017
