The number of women declared bankrupt has risen nearly fourfold in just six years.
They now make up almost four out of ten cases, with women under the age of 35 most likely to suffer financial collapse
This means that six years ago women made up 30 per cent of bankrupts, but by last year that had risen to 38 per cent.
Moving towards ‘equality’ eh.
Women are now going bankrupt at the rate of 60 a day. The rapid rise of female financial failure is likely to be linked both to overspending when credit was easy and the vulnerability of growing numbers of women who do not have the backing of marriage and family.
By marriage I think they mean husbands. By family I think they mean fathers.
‘More women are racking up unmanageable debts as they now feel more under pressure to maintain lavish lifestyles,’ a spokesman for price comparison website MoneyExpert.com said.
Under pressure from who?
‘They want to spend it like the Beckhams but don’t have the income to sustain their debts.
Quite simply, they are choosing to live beyond their means which funnily enough wouldn’t really be possible in a capitalist society (one dominated by capital, not credit/debt). You cannot spend what you don’t have. This crisis is twofold, not only do they want to live such lifestyles, they also do not want to live within their means because the restrictions they must live under will make them realise how poor they really are, which if we all did, would drive down living costs, improving the quality of life.
‘Increasingly they have to borrow more to get on the property ladder – and if they live alone there’s no one else to share the burden.’
He suggested that too many women had used too many credit cards and ‘lived ahead of their income’.
Accountancy firm Wilkins Kennedy said it had dealt with a rise in numbers of female bankrupts and believed bankruptcy among women would match levels among men later this year.
Speculation by Labour ministers that women are especially vulnerable to being laid off in the recession were dismissed last month by the Office for National Statistics.
It said women are losing jobs at half the rate of men, and are protected because more women than men work in the public sector.
Firstly, why the hell are Liebour ‘ministers’ speculating something that doesn’t exist? Secondly, the public sector is f**king teeming with women, like xenomorphs in ‘Aliens’. It is totally disproportionate, but that’s another subject. In relation to this however, in this socialist shithole, as the wealth creating private sector continues to contract, the wealth destroying public sector is continuing to expand, so the divide will continue to grow, and with more money coming out than going in (like the women in this article) you can see where the government is dragging this nation into.
It really is as simple as it looks. As my dad says, ‘don’t spend what you don’t have’. Under capitalism, you literally CAN’T spend what you don’t have so this issue with debt swallowing everybody up (including those who save) is highly improbable, as opposed to the current central banking dominated debt system in which it is not only inevitable, it is designed to collapse.
(2 – 5) + (2 – 5) +… will always result in accumulating debt. Those in debt are slaves to those who issue the credit. What makes it worse is that people choose to go into debt. They choose to become slaves to try and live another life, which ironically, they end up paying for with their life (body + time = life).
The difference here (and in the U.S.) is that the corporatist state is using this as an excuse to loot those with capital, redistributing it to those in debt, which of course goes directly to the creditor, which are usually owned by the same oligarchy that has orchestrated this (imposed the central banks) in the first place.
Wakey wakey people.
"Denial is the most predictable of all human responses, but rest assured, this will be the sixth time we have destroyed it" — Architect, Matrix Reloaded