Men and women have always differed in opinion and this world has seen some of the biggest battles between couples of opposite genders. Money handling has been a major issue of their disputes. Here’s an infographic from Flickr that makes you understand the financial personalities of both men and women. Scan this up, so that you understand the financial perspectives of your partner better and avoid all those domestic wrangles based on money matters.
Here are some aspects on which the survey was conducted:
When asked if they would like to save their tax returns, 40 % of men aged between 18-34 years said that they would like to save whereas only 30 percent of women agreed. However in the case of people who were more than 50 years old, surprisingly the ratio reversed. 45 % of men said they liked to save, whereas now 48 % of women agreed to that. Should we say that men can perceive problems long before they can happen and women perceive them only when they see them happen?
Now, when women on the wrong side of fifties were asked what they were saving for, 31 % of them replied retirement. 2nd on the list were those who were not saving up for any specific purpose. In the 3rd position were those who saved up emergencies. Next were those who saved up for vacations followed by those who saved up for health. Lastly, to my surprise a very small percentage saved up for home which is the most important concern of any woman.
When asked if they were prepared for replacement of 80 % of their incomes after retirement, 23 % if men gave a positive reply whereas 12 % of women agreed to that.
Statistics for the last three months show a rising trend in the rate of unemployment, but in general, women showed a higher rate of unemployment than men.
Women who are known to be the more cautious gender were less prepared for funding any emergencies than men. 53 percent of men were prepared with monetary cushioning for a financial crisis whereas only 34 percent of women were prepared for that. Well, I think the better preparedness of men for facing any financial emergency is due to their being the traditional breadwinners of the family, naturally tuned to planning for any emergencies. Women, on the other hand, being homemakers conventionally, were not perfect with their money planning or saving skills.
Credit Card Balance
Even here you get to see men being in a better position than women. 36 percent of women said they paid their credit card balance fully whereas 61 percent of men agreed to that in comparison.
As I had mentioned earlier divorces happened primarily due to financial issues. money saving ideas
According to a NASDAQ investment survey, both men and women make equal contributions to retirement plans like the 401(k). 70 Percent of men have a general knowledge of stocks, bonds and mutual funds whereas only 40 percent women admit having that knowledge.
You can see the infographic for information on more factors of comparison between men and women. Men, don’t rejoice over your better financial statistics! Conventionally you’ve relegated women to the kitchen for years. It’s only in recent years that women have stepped out into the world of employment to support themselves. If you expect them to be better off than you, you’re being unfair!