Addidi expert suggests female debt relief figures are deceptive
www.moneynews.co.uk > Debt > Addidi expert suggests female debt relief figures are deceptive
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Addidi expert suggests female debt relief figures are deceptive
Mon 8th Nov 2010
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Anna Sofat, founder of the financial services firm, made her comments in response to research by Wilkins Kennedy, which showed that insolvencies among this demographic rose 37 per cent over one year.
She said she has not noticed any increase in the number of women declaring bankruptcy among her clients.
In her opinion, the figures are "deceptive", since it is unlikely ladies are becoming more careless with their cash.
"I think the increase is just a reflection of the fact that many more women are now financially independent and responsible for their own finances," Ms Sofat explained.
The Addidi founder claimed that females tend to be more risk averse than their male counterparts when it comes to their financial security.
Ms Sofat also noted that the number of women declaring bankruptcy is still lower than that of men.
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