What's the correlation between women and insolvency? A study found that women are less knowledgeable than men about financial products. High-risk categories of women struggle to not only become, but to maintain a moderate level of financial preparedness.
Every two years we issue a report that provides a detailed analysis of emerging trends in bankruptcy filings in Ontario. We track debt loads by age, income level, marital status and gender. We also compare types of debt, secured versus unsecured, credit cards, personal loans, income taxes and payday loans. From this information we get […]
Aging and Debt. Dr. Lee Anne Davies, co-author of When Life Bites You in the Wallet, discusses the financial challenges faced by seniors and gives practical advice for over-coming "Bag Lady Fears".