Middle-aged mothers are being plunged into insolvency in record numbers, researchers say.
According to a study, women between 35 and 54 are suffering most from the economic crisis.
Bankruptcy and other types of insolvencies are said to be rising faster in this age group than any other, as women struggle to balance family life with a job.
Many blame their insolvency on a recent divorce or break-up, according to the report, based on official insolvency figures.
Keith Stevens, an insolvency partner at accountants Wilkins Kennedy, said: After a divorce, women often feel under pressure to carry on with the same lifestyle as when they were married. They want to make sure their children arent affected any more than necessary. However, this …
Read the full article at: https://www.iol.co.za/lifestyle/family/middle-aged-moms-more-likely-to-go-broke-731219