How Men and Women Spend Money Differently

HOW MEN AND WOMEN Spend Money Differently Are you tired of people saying you spend a lot of money because of your gender? Some of these generalities may not be entirely off base. While it isn't always the truth, spending and saving habits can be gender specific. * Here are a few ways men and women differ when it comes to their finances, Earnings 13) According to the U.S. Census, the median full-time worker's annual income was: $36,931 $47,715 for women for men Women earned, on average, 82.2% as much as men. Women have made leaps. and bounds since 1979 when they made, on average, However, earnings for women who are college graduates have increased by 33.4% while for men, it's only gone up by 19.9% 62.3% of what men made. Vs. Married women are progressively earning more money than their husbands since the 1970s: Today 28.9% 2007 22% 1987 17.8% 1970 4% The presence of the opposing gender appears to significantly affect the way people handle their money. Savings and Spending Gender's Effect on Saving ±) Female Influence Male Influence Monthly saving to save to save Men $180 Women $160 $140 $120 $100 $80 1. When influenced by a female, Though the trend shows that 1. women respond slightly higher to the persuasion of other women, MEN TEND TO SAVE MUCH MORE. THEY ARE MORE CONSISTENT WHEN IT COMES TO SAVING. When not as many. women are around, men tend to borrow 84% 42% and save less. [2) . more money On the other hand, can't resist a sale while only 23.7% 4.5% of men say the same. [3] of women 46% of men volunteer to go shopping with their partner. 71 What do men and women spend their money on most? 4] Men (1 2 (3 4 Investments Entertainment Women Sports Gambling Women (1 (3 Health & Fitness Shopping Веauty Lovel Home Online Dating Furnishings Men and women don't just spend differently; they borrow differently as well. Credit Card Spending (4) lil Negative Credit. Card Activities Positive Credit Card Activities Conclusion While gender does play a significant role in the spending habits of men and women, their reasons and methods differ greatly. Where men spend money, women aren't necessarily as eager to place their funds. THEIR WAYS OF SPLURGING AND SAVING CAN VARY GREATLY AND ARE AFFECTED BY A NUMBER OF FACTORS, THOUGH THEY ALL DO TEND TO SPEND MONEY. Sources [1] http://www.csom.umn.edu/assets/166362.pdf [2]http://www.cesidebtsolutions.org/2012/01/men-vs-women-debt-and-spending/ [3]http://www.catalyst.org/file/661/qt_womens_earnings_and_income.pdf [4] http://www.finra.org/web/groups/foundation/@foundation/documents/ foundation/p125971.pdf [5] http://www.realwire.com/releases/Men-spend-26-hours-per-year-outside- changing-rooms-waiting-for-their-partnersi-survey-reveals 000000000 0000000O 0000000 %5% 38% Paid the Minimum ·Cash Advance late Fee 23% 15% Carried a Balance 12% 29% 42% 60% 45% Comparatively Shopped For Cards Paid Balance Off 38% 39% HOW MEN AND WOMEN Spend Money Differently Are you tired of people saying you spend a lot of money because of your gender? Some of these generalities may not be entirely off base. While it isn't always the truth, spending and saving habits can be gender specific. * Here are a few ways men and women differ when it comes to their finances, Earnings 13) According to the U.S. Census, the median full-time worker's annual income was: $36,931 $47,715 for women for men Women earned, on average, 82.2% as much as men. Women have made leaps. and bounds since 1979 when they made, on average, However, earnings for women who are college graduates have increased by 33.4% while for men, it's only gone up by 19.9% 62.3% of what men made. Vs. Married women are progressively earning more money than their husbands since the 1970s: Today 28.9% 2007 22% 1987 17.8% 1970 4% The presence of the opposing gender appears to significantly affect the way people handle their money. Savings and Spending Gender's Effect on Saving ±) Female Influence Male Influence Monthly saving to save to save Men $180 Women $160 $140 $120 $100 $80 1. When influenced by a female, Though the trend shows that 1. women respond slightly higher to the persuasion of other women, MEN TEND TO SAVE MUCH MORE. THEY ARE MORE CONSISTENT WHEN IT COMES TO SAVING. When not as many. women are around, men tend to borrow 84% 42% and save less. [2) . more money On the other hand, can't resist a sale while only 23.7% 4.5% of men say the same. [3] of women 46% of men volunteer to go shopping with their partner. 71 What do men and women spend their money on most? 4] Men (1 2 (3 4 Investments Entertainment Women Sports Gambling Women (1 (3 Health & Fitness Shopping Веauty Lovel Home Online Dating Furnishings Men and women don't just spend differently; they borrow differently as well. Credit Card Spending (4) lil Negative Credit. Card Activities Positive Credit Card Activities Conclusion While gender does play a significant role in the spending habits of men and women, their reasons and methods differ greatly. Where men spend money, women aren't necessarily as eager to place their funds. THEIR WAYS OF SPLURGING AND SAVING CAN VARY GREATLY AND ARE AFFECTED BY A NUMBER OF FACTORS, THOUGH THEY ALL DO TEND TO SPEND MONEY. Sources [1] http://www.csom.umn.edu/assets/166362.pdf [2]http://www.cesidebtsolutions.org/2012/01/men-vs-women-debt-and-spending/ [3]http://www.catalyst.org/file/661/qt_womens_earnings_and_income.pdf [4] http://www.finra.org/web/groups/foundation/@foundation/documents/ foundation/p125971.pdf [5] http://www.realwire.com/releases/Men-spend-26-hours-per-year-outside- changing-rooms-waiting-for-their-partnersi-survey-reveals 000000000 0000000O 0000000 %5% 38% Paid the Minimum ·Cash Advance late Fee 23% 15% Carried a Balance 12% 29% 42% 60% 45% Comparatively Shopped For Cards Paid Balance Off 38% 39%