May 15, 2007
Debt more common among younger women
Young women are nearly twice as likely as their mothers to carry $25,000 or more in consumer debt, and many have resigned themselves to never retiring, according to a new survey by the MetLife Mature Market Institute. Daughters who were surveyed said they're planning to stay more active in retirement than their mothers are, and would retire later, if at all. The survey reveals a generation gap in how different generations of women think: Mothers often advised their daughters not to live beyond their means, while daughters are more willing to "spend money if it will make (them) happy.
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