Teenage girls aware of debt difficulties ahead

Wed, 26 Oct 2011

Teenage girls are seemingly more aware than their male counterparts with regard to the debt difficulties that may await them in later life.

New research from Friends Life has shown females of this age are less optimistic than boys about their ability to pay back arrears should they choose to enter higher education.

According to the survey, 54 per cent of young women aged between 16 and 19 years old believe they will not be able to afford university - a percentage markedly higher than the 38 per cent recorded for young males of the same demographic.

Rob Barnett, human resources director at Friends Life - which has a history stretching back to 1832 - said females appear more realistic about monetary matters both during and after undertaking a degree .

The industry figure stated: "Young women expect to earn less and pay more. This might be because they mature quicker than young men and give serious issues like finance greater thought in their late teens."

It was demonstrated that while boys expect to earn an average of £24,500 in their first graduate job, girls suggested a more conservative £23,000.
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