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Article: Young women inspired by celebrity lifestyle inclining towards bankruptcy.
- Article from:
- Asian News International
- Article date:
- June 17, 2009
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Byline: ANI
London, June 17 (ANI): Young women, who follow luxury lifestyles of celebrities like Paris Hilton or Victoria Beckham, are playing a major role in increasing the rate of female bankruptcies in Britain, revealed a study.
The research, compiled by accountancy firm Wilkins Kennedy, is based on figures that show that the majority of bankrupts under 24 are now female.
It concludes that women succumb to the temptation for spending sprees as a reflection to their independence.
Last year, 55 per cent of young bankrupts were female, as compared to 48 per cent five years ago.
Overall, 1,560 women under 24 were declared ...