Scribd
Upload
132 views1 page

Who Is Better at Managing Mon

Young men have more credit card debt than young women according to a survey by the Debt Foundation. However, young women have more difficulty paying off that debt for two reasons. First, women on average earn 15% less than men at age 24 and have more family responsibilities. Second, because of their relatively lower incomes, women often cannot get loans from banks and must turn to other lenders that charge higher interest rates, making their debts more difficult to pay off. So in reality, popular stereotypes about women's financial habits being the cause of debt problems are simply not true.

Uploaded by

samou
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
132 views1 page

Who Is Better at Managing Mon

Young men have more credit card debt than young women according to a survey by the Debt Foundation. However, young women have more difficulty paying off that debt for two reasons. First, women on average earn 15% less than men at age 24 and have more family responsibilities. Second, because of their relatively lower incomes, women often cannot get loans from banks and must turn to other lenders that charge higher interest rates, making their debts more difficult to pay off. So in reality, popular stereotypes about women's financial habits being the cause of debt problems are simply not true.

Uploaded by

samou
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Reading The study shows that today at the age of 24 most women earn 15% less than

Who is better at managing money: men or women? men and have more responsibilities with family and children. These are the
1) Discuss these comments in pairs. Which of them do you think are true? real causes of debt problems. So much for equality!
1 Women are more careful about managing money and bank accounts. But the worst news from the survey is that, because of their poverty, women
2 Men usually have more debt than women. often cannot go to big banks to borrow money. They have to use other
3 Women use store cards more than men because they love buying new service companies that charge the highest rates of interest.
clothes. So, they suffer more and pay more in interest because their family needs
4 Young women have more financial responsibilities for children than men. are more desperate. The result is that there are more women who have their
5 Women save more money than men. gas or electricity turned off for nonpayment.
2) Now read the article about a survey of debt among young people and find
out if the author thinks the statements in 1 are true or false. Write T (true) 3) Read the article again and answer the questions.
orF (false) next to each statement 1 Who borrows more on their credit cards: men or women?
2: Why do women have more problems with paying debts on their credit
Who's more in debt: men or women? cards? Find two reasons.
A recent study by the Debt Foundation shows that it is young men who 3 Why don't women use banks to borrow money?
have the biggest debts on their credit cards, but it is young women who 4 Which of these comments best summarizes the writer's purpose in the
have the biggest problems with paying that debt. Why the difference? article?
Stereotypes! a to show that young women earn less than men
Many people still think that women are just bad at managing money. They b to show that men are better at managing money
cannot stop buying new shoes, handbags, or clothes when they see them, c to show that our popular opinions about women
and so they borrow money on store cards that you can get from big shops. and money are wrong
But the results of the survey show this is simply not true. Young men, it d to show that men and women are not equal
seems, use store cards just as much as women. Sometimes, they are worse. 5 Do the facts in the survey match your own experience with managing
Also, they save less money than women from their salaries. They open money? Why I Why not?
fewer savings accounts than women and take bigger risks with their finance,
investing in things like shares. Young men are also less likely to have
insurance on their homes and possessions.
What about equality?
No, the real reason women can't pay is that women usually have debt on
basic things for the home like rent and services simply because they are
poorer and often have to support children or older parents on low incomes.

You might also like