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Study Reveals Women Feeling Growing Financial Pressures on Family Life
Date:4/28/2008

report being in some sort of debt -- with Gen Y women

being the least likely to have debt (24% report no debt)

-- 22% of women have over $20,000 in debt, excluding mortgage debt --

Gen X (30%) especially likely to be more than $20,000 in non-mortgage

related debt

-- 62% of women have credit card debt -- even higher among Gen X (72%)

and young mothers 18-34 (70%)

-- 51% of women are concerned about credit card debt -- even higher among

Gen X (64%)

-- 28% of women say "credit card debt prevents me from saving for the

future" -- even higher for Gen X women (36%)

-- Only 31% of women report paying off their credit card bills every

month -- even lower for Gen X (26%), young mothers 18-34 (21%) and

single mothers with children under 18 (21%)

-- 26% say they "dread the arrival of their credit card bills every

month" -- even higher among Gen X women (35%) and mothers of children

under 18 (34%) and single mothers with children under 18 (41%)

Healthcare

-- Nearly half (46%) of women are extremely concerned about rising health

care costs -- especially high among Boomer women (55%) and single

mothers with children under 18 (52%)

-- 38% have incurred debt from medical bills -- even higher among mothers

of children under 18 (49%), especially young mothers 18-34 (59%)

-- One in 5 (18%) women report that they do not have health insurance

coverage -- even higher among single mothers with children under

18 (24%)

-- Among those women who do have health coverage, nearly half (46%) are

worried about being able to afford healthcare when they retire and 40%

say their "co-payments keep increasing and becoming too expensive"

-- Baby Boomer women with health insurance coverage are especially likely

to be worried about how they wi
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SOURCE Meredith Corporation
Copyright©2008 PR Newswire.
All rights reserved

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