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Men 'less likely to seek debt advice'

March 29, 2011 - London

A new UK research has revealed that men are less likely to seek debt advice than women because they are too embarrassed to admit they owe money.

They also need to see themselves as in control of their finances and able to deal with problems.

The Centre for Research in Social Policy found that men often feel it is a woman's role to seek help, while some lack the self-confidence and social skills to access services.

Less than half of men in debt sought help. Many were not clear on what support was available while others were over-optimistic that a financial situation would improve.

"Men might require a little more of a push to seek help in dealing with debt and this research helps us to understand what might be behind this," The Daily Express quoted The Money Advice Trust, which commissioned the study, as saying.

"We want to work to break down any barriers that exist to prevent men from obtaining advice."


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