Young men are worst spenders,not women--

It's always thought that the female shoppers were the ones who doled out money on the latest fashion and trends.Well, then to tell you it is certainly not correct, for it’s the guys who are the worst spenders, says a survey. Debt collection company, Dun & Bradstreet, has revealed that young men are increasingly finding themselves in trouble with debt.According to its survey, which looked at the latest September quarter debt statistics, disclosed that males in particular are getting under huge piles of debt.(Source: ET)

It has also been found that over fifty per cent of all debtors were under 34 years of age. To avoid an increase in over-indebtedness in the New Year, it is absolutely critical that consumers must pay close attention to their finances.

Standing at over 1300 dollars, the company observed that the average debt value for men was 28 per cent higher than their female counterparts.The study also revealed that men decreased their average debt by 1.2 per cent, which was still small compared with women who cut their average debt size by more than three times that level, or 3.8 per cent.