Debt More Likely to Gobble-Up Career-Oriented Women More than Men

Women trying to build their careers are more likely than their male counterparts to incur credit card debt, according to a new analysis done by Consolidated Credit Counseling Services, Inc., the nation’s foremost national debt counseling organization.

The examination of the financial records of more than 60,000 Consolidated Credit clients nationwide revealed a pattern: that single women 25-34 seek credit help in greater numbers than single men in the same demographic group. A further look at the records shows that one of the reasons for the disparity is the amount women spend on clothing and personal care items.

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