Recent statistics released have indicated that young women are more likely to fall into personal insolvency than their male counterparts of the same age
It appears that women aged between 18 and 24 were almost twice as likely as men in the same age group in 2013 to find themselves suffering financial distress, according to Insolvency Service figures.
The rate of women in this age group becoming insolvent last year in England and Wales was 7.8 for every 10,000 people, compared with a rate of 4.0 for men. In the 25 to 34 age group, the personal insolvency rate for women was 32.8 per 10,000 adults last year, while for men the ratio was 25.6.
The recent financial problems of reality TV star Kerry Katona, who has been declared bankrupt twice despite high earnings, is a high profile example of the issue.