People who eat out regularly, play sports and exercise, buy lots of music and watch TV are more likely to be in debt than those who participate in other pastimes like home computing, walking or foreign travel. This is based on information provided by Debt Free Direct who compiled data of their customers to identify who is most likely to be in debt.
The data looked at numerous facets including gender, type of job, income, living situation and location amongst others. The results allowed for a loose estimation of what a typical person in debt would look like.
Men and Families Most Affected
The key findings showed that men are 37% more likely to be in debt and Yorkshire edged ahead of other regions with 28% as the most likely location.
Children also made a significant difference, making it 36% more likely that someone would be in debt. This correlated with information that showed that happy families and supportive parents were 104% and 91% more likely to be in debt.
Back to the information pertaining to interests and activities, people who watched TV were by far and away the most likely to be in debt. However, considering the fact that practically everyone watches TV, this doesn’t exactly say anything revolutionary.
More interestingly were some more sedate pastimes that had a relationship with people in debt. Gardening, angling and reading books featured highly alongside more expected activities like sport and exercise, buying music and following a football team.
Whilst the information doesn’t paint a conclusive picture it does give an indication of possible reasons why people might be in debt.
The information in this post was provided by Debt Free Direct