Thursday 25th of November 2010
Individual voluntary arrangement questions may be asked by more women in the future if they have struggled to balance their finances and ended up with large debts.
A YouGov poll carried out as part of Financial Planning Week, which is being run by the Institute of Financial Planning (IFP), found females are less certain than men when it comes to making ends meet and achieving their financial goals.
According to the research, 46 per cent of males are either not at all confident or not that confident about their monetary outlook for next year, whereas the figure for women is 57 per cent.
Over three-fifths of people aged between 45 and 54 are not optimistic about their finances in 2011, compared to just over a third of 18 to 34-year-olds.
"The fact remains that people's concerns about potential increases in the cost of living and interest rates needs to be looked at more carefully," stated chief executive of IFP Vick Cann.
Earlier in the week, statistics published by the body found almost half of Brits are struggling to make their monthly pay cheque last them from the current one to the next.
- Debt consolidation loans falling, figures show
- Britons 'changing attitudes' towards debt management
- Homeowners 'more concerned with debt management'
- Low interest rate 'contributing to debt management efforts'
- Debt management growing in importance, survey finds
- 'Follow gut instinct' when making financial decisions
