Women less likely to need debt help, research implies
Women less likely to need debt help, research implies
Monday 20th July 2009
That is according to Legal and General's Changing Face of British Homes survey, which found that women outscored men in all 20 research categories detailing the methods in which people were saving.
The significant disparity could increase the likelihood of men seeking debt help in the future, with their female counterparts found to be more frugal.
According to the survey, 60 per cent of women have reduced their high street spending, with only 47 per cent of men doing the same.
Weekly shopping expenditure has been cut by 56 per cent of women and only 41 per cent of men.
Cancelling nights out saw a more even increase, with 43 per cent of women and 41 per cent of men staying at home on evenings they would have ordinarily gone out.
Disparity in cost-cutting is not reserved for the sexes, however.
More people in the north-east of England have cut down on eating out than in London – 47 per cent to 37 per cent respectively.
Scottish borders residents have cut their spending by 61 per cent, compared to a 50 per cent cut by those in the south-west.
For those finding it difficult to make significant lifestyle changes and struggling financially as a result, seeking debt help could help you cope.
Over the past two years UK household wealth has decreased by approximately £1.9 trillion.
News article brought to you by Debt1 – UK debt management specialists.
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