If you’re a Yorkshire-man that turns to the Sun newspaper to catch up on the world news, look away now – according to the debt solution specialists, Debt Free Direct, you fit the profile of the person statistically most likely to struggle with financial debt.
Using information from their customer database Debt Free Direct were able to produce a representation of what a person in debt most probably ‘looks like’, and males from Yorkshire that read the Sun were found to a 37% greater chance of getting into money troubles.
There were many other interesting findings in the data too, including that happy families and supportive parents were more likely to be in debt, with a 104% and 91% higher chance respectively – perhaps because of their generosity towards their relatives. Indeed, those with children had a 36% greater predisposition towards finding themselves in the red, a statistic that’s unlikely to shock any mothers and fathers anytime soon.
Working with Debt
Debt Free Directs’ data also showed that people in debt aren’t always over-spenders by nature, as people in debt are 57% more likely to be from modest means. Shop workers and office workers were also found to be the most common professions among people in debt, but it’s not just your job that makes you more at risk of struggling with debt – it appears that your hobbies have an influence, too.
Some unsurprising findings were that people with a love for restaurant dining were 576% more likely to be in debt, followed closely by music lovers at 564%.
Going to the cinema, following a football team and being a gym bunny or exercise fanatic also starkly increased the chances of debt, but oddly enough, gardeners, anglers and literature lovers were also cited as having a high chance of financial difficulties – bookworms in particular beware, as filling up your bookshelves increases your chances of debt by 249% according to Debt Free Direct!