Bankrupt and not even 24-years-old. That is a scary thought.

But it's not just giving the plastic a hammering that is seeing young women go bankrupt. Andrew Cork, a director at Wilkins Kennedy says there is a social burden on young women to prove their independence by renting or owning their own flat, while men of the same age are quite happy to stay at home with their parents.

According to the Office of National Statistics, 29% of 20 to 34-year-old men still live with their parents compared to just 18% of women. Those young women are then taking out mortgages which consume too much of their salaries, leaving them vulnerable to interest rate changes and more likely to go bankrupt.

Good ol' Mr Cork has a pop at Posh, Paris and their pals saying that we are seriously told that these women who spend, spend and spend are to be treated as role models. He does have a point.

To be honest though, men can be blamed for part of this problem as women often face less earning power than their male counterparts simply because they are women. For instance, the National Institute of Economic and Social Research has revealed that women in the financial services sector are paid on average 39% less than their male colleagues.

And that, obviously, is not the fault of Victoria Beckham.