Women
are more confident than men when it comes to paying off their credit - a
sign the fairer sex is becoming savvier with money, according to a new
study.
Dun and Bradstreet’s latest Consumer
Credit Expectations survey shows a reversal of historical findings,
which normally showed men being more assured of meeting their
repayments.
The survey revealed 63 percent of
women did not anticipate difficulties meeting their credit obligations
in the June quarter this year, compared to 57 percent of men.
Overall 60 percent of Kiwis believe they will find it easier to meet their debt repayments.
Dun and Bradstreet's New Zealand general manager Lance Crooks says the figures show women are being smarter with their money.
“A
significant proportion of women are improving their ability to manage
their debt and credit obligations, indicating they are becoming more
responsible than men when it comes to taking charge of their financial
position,” he says.
The figures show women
surpassed men for the first time in almost two years when it came to
finding it easy to pay off their credit cards, loans and mortgages.
The survey of 909 consumers measured expectations for savings, credit usage, spending and debt performance.
It shows a five percent quarter-on-quarter improvement in the credit repayments outlook for women.
Meanwhile among Kiwi men the number has dropped nine percent.
Only 14 percent of women expected their debt levels to rise compared to 17 percent of men.
Overall
national data was also positive with nearly half of Kiwis not planning
to use credit cards to pay for otherwise unaffordable purchases, and
more than 40 percent indicating they are more likely to save money in
the current economic conditions.
3 News Thu, 04 Apr 2013 7:37a.m.
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