Millennial women are less financially safe than men of the same age

Adam Saville
clock • 4 min read

Research by Chartered Insurance Institute (CII) has found women are more indebted and less confident when managing money than men

Women are taking longer than men to repay student debt and are more affected by non-mortgage debt, a report by CII entitled ‘Securing the future of the next generation: The moments that matter in the lives of young British women' has found. According to the research, women earn less than their male peers and have more credit card debt on average (£926 vs £790), while 18-24-year-old women are less confident when managing their money than men (37% vs 48%) and are more likely to worry about it (57% vs 45%). It is thought that a combination of growing debt, lower earnings and a lack of se...

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