Latest Debt News
'Pink pound' taking a pounding
07/02/2006 13:17:00
New research has revealed that gay men and lesbians are more likely to run into debt than heterosexual people, Scotland's Sunday Herald reports.
The survey, which was conducted on behalf of radio station Gaydar, Channel 4 and media organisation OMD, questioned the spending habits of 18,000 gay people and 4,000 straight people.
The researchers claimed that "financially, gay people are more than happy to spend beyond their means" after finding the average debt for a gay person was £2,145, compared to £1,807 for a straight person.
David Muniz, commercial director of Gaydar, commented: "The credit-card figures point to aspirational spending within that group – they are willing to spend on luxury items.
"It is a slight generalisation, but it does seem that they want the finer things in life and are willing to get into debt to have them."
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