Baby Boomers Account for Nearly Half of Bankruptcies Filed
Aging and Bankruptcy, Revisited, September 2010 issue of the American Bankruptcy Institute Journal “The median age for bankruptcy petitioners increased from 37.7 years in 1994 to 41.4 years in 2002 to 44.9 years in 2007. Bankruptcy petitioners over the age of 45 constituted 27 percent of filers in 1994, 39 percent in 2002, and 50 …