Page 35 - 2015WellBeing
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our economy 35
Consumer bankruptcies In the Windsor CMA, bankruptcies peaked at 8.1 per
1000 population in 2009 at the height of the economic
Consumer bankruptcies are a primary indicator of financial collapse and downturn of the auto industry. Local
distress, representing not only the collapse of a person’s bankruptcies were double the provincial average of 4.6
financial well-being but also the overall strength of the bankruptcies per 1000 in the same year. Since then, the
regional economy, as debt accumulation is exacerbated rate has declined steadily and in 2012, the rate was 3.3
by an economic downturn or mass job losses. per 1000 population, still higher than Ontario at 2.2.
Chart 30: C onsumer Bankruptcy Rates per 1,000 Population Aged 18 Years and Older, 2002-2012, Windsor CMA Windsor CMA
9 Ontario
8
7
6
5
4
3
2
1
0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Source: Industry Canada, Office of the Superintendent of Bankruptcy Canada (2014). Annual Consumer Insolvency Rates.
(Accessed on 2015-03-12).
Consumer bankruptcies In the Windsor CMA, bankruptcies peaked at 8.1 per
1000 population in 2009 at the height of the economic
Consumer bankruptcies are a primary indicator of financial collapse and downturn of the auto industry. Local
distress, representing not only the collapse of a person’s bankruptcies were double the provincial average of 4.6
financial well-being but also the overall strength of the bankruptcies per 1000 in the same year. Since then, the
regional economy, as debt accumulation is exacerbated rate has declined steadily and in 2012, the rate was 3.3
by an economic downturn or mass job losses. per 1000 population, still higher than Ontario at 2.2.
Chart 30: C onsumer Bankruptcy Rates per 1,000 Population Aged 18 Years and Older, 2002-2012, Windsor CMA Windsor CMA
9 Ontario
8
7
6
5
4
3
2
1
0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Source: Industry Canada, Office of the Superintendent of Bankruptcy Canada (2014). Annual Consumer Insolvency Rates.
(Accessed on 2015-03-12).
