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Australians in financial strife on the rise with bankruptcies up 6pc in 2017

The number of Australians "going under" financially accelerated last year, with personal bankruptcies up 6.1 per cent over the year.

Australians in financial strife on the rise with bankruptcies up 6pc in 2017
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The increase follows an almost 5 per cent rise in 2016.

Quarterly data released by the Australian Financial Security Authority paints a starkly different picture from the generally more upbeat numbers elsewhere in the domestic economy.

Read the full story on ABC online.

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