The Financial Blog

The statistics bods at Chiltern Debt Management have released news that apparently men have on average 20% more debt than their female counterparts.

So if you’re male and seeking to become debt free it’s likely to take nearly two years more to clear everything.

While this may seem a damning indictment against men who shamelessly lend cash they can simply never repay, perhaps there is some reason behind this after all.

National Savings and Investments say that 20% of households have their key financial decisions made by men… hmmm… that number sounds familiar… could it be that more men are taking out debt management plans and absorbing their female companions debts at the same time, since they are the ones making the “key financial decisions”?

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This entry was posted on Friday, October 26th, 2007 at 1:16 pm and is filed under Loans, Credit Cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.