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Number Of Bankrupt Women Soars As Lifestyles Outstrip Pay

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The Scotsman

21 August 2006

Number of bankrupt women soars as lifestyles outstrip pay

AN increasing number of women are becoming bank-rupt as a result of credit card debts and soaring household bills. Experts said women's living costs and financial independence had outstripped their rise in salaries.

The proportion of people applying for bankruptcy who are women rose from 42 per cent to 44 per cent over the past year, according to accountants Wilkins Kennedy.


"A modest rise in interest rates or a fall in income could be enough to tip them over the edge.

"Young women are increasingly choosing the 'WAGs' lifestyle, but it can't be sustained." ...

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  • 338 Brexit, House prices and Summer 2020

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