Women in their 40s may be better at controlling debt

Mon, 05 Mar 2012

Women in their 40s may be less likely to fall into as they are better able to control their incomings and outgoings.

Sue James, editorial director of Woman and Home magazine - which describes itself as one of the UK's top four glossy monthly publications - has noted females in this age bracket tend to be more financially secure.

The industry figure observed that while few people feel totally comfortable from a monetary perspective, those between the ages of 40 and 50 handle their cashflow better than when they were younger.

Ms James described ladies in this demographic as the chief executive officers of the family, adding women of this type tend to make big financial decisions regardless of whether they are married or single.

Females in their 40s are therefore likely to be considering their debt situation and taking steps in order to prevent any issues from worsening.

Ms James explained these females "are much more adventurous, they are kind of breaking the rules if you like, but also making them. They are really open to new things and new experiences".
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