Money Management Men vs Women

MONEY 40% MANAGEMENT MEN VS WOMEN 10% HOW MEN AND WOMEN HANDLE THEIR MONEY Girls Guys WOMEN ARE TWICE MEN SPEND18% MORE 24% OF WOMEN SAY THEY CAN'T RESIST A SALE ONLY 4.5% OF MEN SAY THE SAME AS LIKELY TO BUY IMPULSIVELY SPENDING HABITS Expense groups with the largest monthly spending differences between men and women. From the top: Food (groceries, restaurants), Transportation (car, gas, airfare), Clothes (apparel, shoes, accessories), Education (tuition, supplies), Personal Care (toiletries, grooming) $279 $319 $326 $428 $87 %24 $68 lawyer doctor $50 $73 $45 $17 Girls The average woman is 26% more likely to incur a late fee on her credit cards. The average man is 25% more likely to request a cash advance on his credit cards. 26% 25% 47 100 TOOK OUT LOAN PAST 365 DAYS 47% 42 100 TOOK OUT LOAN PAST 365 DAYS 42% THE AVERAGE MEN, HAVE 10% MORE DEBT WOMEN ARE 72% WOMAN HAS 1 MORE CREDIT CARD MORE LIKELY TO SPEND MORE THAN THEY EARN DEBT LEVELS On average, men hold about 10% more debt than women. MEN WOMEN $12,593 vs $11,486 PAYING BILLS BANKRUPTCY Percentage of men and women who pay their bills on time. Percentage of bankruptcies declared by men and women over a five year period. 93 vs 82 54 vs 46 Percent of men who pay bills on time Percent of bankruptcies declared by men Percent of women who pay bills on time Percent of bankruptcies declared by women The data represented in this graphic is based wholly or in part on reports published from the following sources http://www.finra.org/web/groups/foundation/@foundation/documents/foundation/p125971.pdf http://www.fpanet.org/journal/ http://www.census.gov/hhes/www/income/data/historical/people/ http://www.bls.gov/cex/tables.htm http://www.experian.com/live-credit-smart/live-credit-smart.html Payday R This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Cc You may freely copy and redistribute this work for any purpose, provided that it is unmodified and includes a link attributing credit to the original material. © 2014 PAYDAYR.COM