Women more rational in face of debt - survey

As many as 24 percent of Polish women consider their understanding of financial matters as poor, while only 15 percent of Polish men admitted to insufficient financial acumen, according to a survey conducted by pollster Ipsos for educational platform Kapitalni.org. Only 21 percent of women declared that their financial education was good or very good, while as many as 39 percent of Polish stated the same. Despite lower self-assessment, women tend to make more rational decisions in face of debt. Nearly a quarter of women would contact their lender if they encountered problems with making payments, while merely 15 percent of men declared they would do the same. If necessary, 46 percent of women and 40 percent of men would ask their family for help with paying off a loan. Meanwhile, 15 percent of men and only 6 percent of women would use their credit card to pay off a loan installment. Alarmingly, 15 percent of Polish women and 21 percent of Polish men would do nothing if they could not pay an installment on time. Men still make financial decisions more often than women: 39 percent of men have purchased insurance in their life and only 28 percent of women. Similarly, 35 percent of men and only 15 percent of women have decided to take out a loan at least once.