Swedish women battle mounting debts
Published: 30 May 11 15:46 CET | Print version
Online: http://www.thelocal.se/34076/20110530/
Women are experiencing increasing problems servicing SMS loans and for the first time are defaulting at the same levels as men, according to a new survey from the Swedish Enforcement Authority (Kronofogden).
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Fredholm explained the situation in that consumer habits and society have changed.
"Not that long ago, white goods were the only things you could buy on credit, today you can buy clothes, food and petrol and pay after the fact," she said.
The authority identifies the trend as particularly concerning as women often lack savings as a result of pay disparities and weaker social networks.
"Our conclusion is that women are more exposed when they experience problems with their private finances," Fredholm said in a statement.
Fredholm is heading a project to target female debt and as part of this push, the authority has announced the launch of a new website.
The website contains collated information and concrete advice to enable women to get their financial house in order. Furthermore there are testimonies from other women who have experienced similar precarious financial straits.
The survey showed that are significant regional disparities with regards to SMS debt defaults, with women in Jämtland, Halland and Kronoberg counties particularly vulnerable to default.
The authority appealed other actors in Swedish society for more help in disseminating information to Sweden's women.
"We need help to spread information and communicate knowledge," Cecilia Fredholm said, underlining that knowledge is crucial to addressing the situation.
Peter Vinthagen Simpson
news@thelocal.se
+46 8 656 6513
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This is the first I've heard of an sms loan. I think I'll stay away.
Oh yeah, equality is only good when it suits.
http://maggiemcneill.wordpress.com/2010/12/18/the-swedish-pimpocracy/
"The Swedish government only "promotes" feminism as a domineering pimp "promotes" a whore: As a commodity to be bought, sold or traded for its own purposes. Sweden views women as a natural resource to be exploited in much the same way as it exploits timber, hydropower and iron ore, and its leaders only mouth platitudes about "equality" to keep female Swedish voters happy so they can stay in power. Its dismal record on rape and its tyrannical efforts to reduce whores to slaves of its bloated welfare state demonstrate that Sweden doesn't actually care about the welfare of individual women, but rather only about the political support of women collectively. "
You took the words right out of my mouth. They want equality , well with equality comes expense. Perhaps they might wish to cut back on the expensive cosmetic makeovers and surgery.... Then they might begin to appreciate what equality means...
Debt really could destroy anyone's life and I think much more education is needed to encourage people to make better decisions in managing finance
The other side of the coin is companies should take some of the responsibility also.
"..companies should take some of the responsibility also" Absolutely!