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Table of Contents
The Face of Bankruptcy The Young Debtor The Family Debtor The Pre-Retirement Debtor The Senior Debtor The Student Debtor
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Pre-Retirement Debtors
Senior Debtors Student Debtors
Self-Employed Debtors
Female Debtor vs. Male Debtor
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The most at risk group in our study! Bankrupt debtors aged 50-59 have the largest unsecured debt of all age groups, at an astounding $84,199!
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The increased financial cost of supporting dependents can lead to the use of credit cards to meet daily needs.
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At approximately 5 credit cards per debtor, Senior Debtors often rely on credit cards to pay for daily living expenses.
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50% of Senior Debtors are trying to maintain debt payments on a single income.
Senior Debtors have a high likelihood of citing illness, injury, and health related problems as a cause of their financial difficulties.
Only 56% of Senior Debtors had RRSP savings and the average total RRSP value was only $19,464.
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$16,000
$14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000
Debt Amount
Past debt amount
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