Over-50s, men, single-person households take up majority of those filing for bankruptcy
Social affairsApr 24, 2024
Nearly 90 percent of those who filed for bankruptcy in Seoul last year were aged at least 50, with a substantial portion of the number being male or living alone, Seoul government data showed Wednesday. The data released by Seoul Financial Welfare Counseling Center, an affiliate of the city-run Seoul Welfare Foundation, showed that 86 percent of valid bankruptcy applicants last year were 50 or older, and 64.4 percent were male. Of those who declared themselves bankrupt, 83.5 percent had been ben