Saturday 6th of November 2010
The number of women aged 35 to 54 reporting bankruptcy rose by more than a third last year, research has shown.
According to statistics published by Wilkins Kennedy, the number of females in financial crisis in this age group rose faster than any other demographic after 15,659 individuals filed for bankruptcy in 2009, compared to 11,418 in 2008.
Men in the same age range recorded a rise of 22 per cent, as the number entering the form of insolvency increased to 25,501 in 2009, up from 20,834 the previous year.
Keith Stevens, insolvency partner at the firm, said the study revealed middle-aged women have come out of the economic crisis in a worse financial position than their male counterparts.
"Although fewer women were made redundant in the recession, those from this age group found it much harder to get new work to pay off mounting bills," he added.
Last month, RSM Tenon announced almost 64,000 females entered personal insolvency in August this year, representing a rise of over one-fifth on 2009.
By Ashley Littley
