Thursday, November 3, 2011

Female bankruptcies reach record levels

The number of young women with unmanageable levels of debt has hit record-breaking new levels.
In the past quarter, 49.2% of all personal insolvencies involved women, the highest ever proportion, according to date from RSM Tenon, an accountancy firm.
Once the data was split down into age groups, women outnumbered men in the two youngest age groups: 65% of insolvencies in the 18-25 age group and 54% in the 26-35 group were women.

Read the rest of the article at Moneywise

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