Personal bankruptcy applications in the first half of this year fell 14.6% from the same period in 2021, but filings by older people rose significantly. Applications from people aged 70 and older jumped 71.9% to 3,075, while those aged 60 and older accounted for 46.3% of all cases. By contrast, filings by people in their 20s and 30s fell 30% to 1,751. The increase among elderly applicants reflects the loss of employment income after retirement, continuing living and medical costs, business failures and debt accumulated while supporting families. Early warning signs are also visible in debt restructuring: use of the Credit Counseling and Recovery Service’s rapid debt adjustment program by people aged 70 and older rose from 239 in 2022 to 1,684 last year. Experts say delayed employment and marriage among younger people can leave parents financially responsible for adult children even after retirement, deepening the risk of elderly insolvency.