Information has proved that women make up for near about eighty five percent of the consumer market. This amounts to a massive impending not only to sell goods to women but also to tempt them into the debt trap. Also it has been found that women have a propensity to buy much more than men as it is they usually do all the family groceries and other buys. Women also expend a lot more than men on clothes and grooming themselves. It is not a startling fact that women like shopping much more than men. All these factors finally amount to women falling deeper into debts than men.

Compared to women, men are more straightforward in their views on buying goods. They purchase only what they need and are rarely seen looking around the market for things that might catch the eye. They distinguish themselves as the breadwinners of the family unit and hence, try to cease from taking loans. Also when they may take a loan it is generally to purchase a house or a vehicle which are considered as assets.

The amount of women filing for bankruptcy in the age group of eighteen to thirty four is the second highest compared to all other age groups. This is because of the impact of actors and celebrities on the youth. The youth attempt to imitate these folks and end up spending a plenty on high end designer labels and other brands. Folks nowadays are more alert of their image than ever before, resulting in a fast escalating credit card debt.

Another cause is an equivalent decline in interest or knowledge in savings or financial management. Also women find it essential to evolve with the fast changing fashion drifts. The condition is not as serious in the men's fashion world. Men's attire is not considered outdated say within a year itself.

Further women also go through a poignant bonding with money. They see it as a sign of security. Women have a nature of showing their aims, love and freedom in the form of money. As far as men are concerned, money is just money. Since from the time they are teens boys are given the capitalist freedom whereas girl's fiscal ability is always under regulation.

omen treat money as a thing to perk up their self belief or bring them joy. These qualities are swallowed since folks are young and can be a blessing or a curse depending on how one implements them.