AGL 41.89 Increased By ▲ 3.35 (8.69%)
AIRLINK 130.00 Increased By ▲ 0.50 (0.39%)
BOP 5.75 Increased By ▲ 0.14 (2.5%)
CNERGY 4.03 Increased By ▲ 0.17 (4.4%)
DCL 8.71 Decreased By ▼ -0.02 (-0.23%)
DFML 40.75 Decreased By ▼ -1.01 (-2.42%)
DGKC 88.90 Increased By ▲ 0.60 (0.68%)
FCCL 35.10 Increased By ▲ 0.10 (0.29%)
FFBL 66.55 Decreased By ▼ -0.80 (-1.19%)
FFL 10.77 Increased By ▲ 0.16 (1.51%)
HUBC 109.07 Increased By ▲ 0.31 (0.29%)
HUMNL 14.88 Increased By ▲ 0.22 (1.5%)
KEL 4.79 Increased By ▲ 0.04 (0.84%)
KOSM 7.27 Increased By ▲ 0.32 (4.6%)
MLCF 42.80 Increased By ▲ 1.15 (2.76%)
NBP 60.92 Increased By ▲ 1.32 (2.21%)
OGDC 180.07 Decreased By ▼ -2.93 (-1.6%)
PAEL 25.97 Decreased By ▼ -0.28 (-1.07%)
PIBTL 6.11 Increased By ▲ 0.14 (2.35%)
PPL 146.55 Decreased By ▼ -0.15 (-0.1%)
PRL 23.95 Increased By ▲ 0.34 (1.44%)
PTC 16.65 Increased By ▲ 0.09 (0.54%)
SEARL 71.65 Increased By ▲ 3.35 (4.9%)
TELE 7.30 Increased By ▲ 0.07 (0.97%)
TOMCL 36.63 Increased By ▲ 0.68 (1.89%)
TPLP 7.98 Increased By ▲ 0.13 (1.66%)
TREET 14.96 Increased By ▲ 0.76 (5.35%)
TRG 50.75 Increased By ▲ 0.30 (0.59%)
UNITY 27.48 Increased By ▲ 0.73 (2.73%)
WTL 1.26 Increased By ▲ 0.05 (4.13%)
BR100 9,872 Increased By 66.5 (0.68%)
BR30 29,845 Increased By 167.2 (0.56%)
KSE100 92,778 Increased By 474.2 (0.51%)
KSE30 28,939 Increased By 98.3 (0.34%)

Women owe over twice as much as men but worry more about the perceived social stigma of debt than repayment, according to a study on Friday. Women aged over 35 have an average 8,219 pounds in unsecured debt, while their male counterparts owe just 3,436 pounds - a 139 percent difference - according to a survey by Sesame.
The company, which provides support services to financial advisers, found that 57 percent of women would feel embarrassed if other people found out they were in debt at all. But 38 percent said they were not worried about how they would repay their debts in the longer term.
The research also found that both sexes in the 45 to 54-year-old age group face a growing debt problem. They have racked up average debt of more than 16,800 pounds, excluding mortgage loans. Alastair Conway, head of customer propositions at Sesame, said: "Never mind binge-drink Britain, there is a growing epidemic of binge-debt Britain that could prove to be just as detrimental to women's financial health as binge-drinking is to their actual health.
"It seems that women are being clobbered from both sides, with accumulated debt being compounded by the difficulties many women face in funding an adequate income in retirement." ICM Research surveyed 800 adults, 350 of whom had unsecured debts.

Copyright Reuters, 2006

Comments

Comments are closed.