The Battle of the Sexes - Who Is the Big Spender?

BROUGHT TO YOU BY EASYFINANCE.COM MEN BuY and WOMEN SHOP? JOKES ABOUT SPENDTHRIFT WIVES ASIDE, SPENDING SPREES ARE NO LONGER CONSIDERED A WOMEN-EXCLUSIVE PASTIME. THE STEREOTYPE ABOUT MALE BREADWINNERS IS NO LONGER SO WIDESPREAD AND THE ROLE OF WOMEN IN GLOBAL ECONOMY IS INCREASING. HOWEVER, THE WAY MEN AND WOMEN APPROACH MONEY STILL VARIES SUBSTANTIALLY. TOTAL INCOME WOMEN SPEND $4 TRILLION IF CURRENT TRENDS CONTINUE, THE ANNUALLY AND WAGE GAP IS POISED TO SHRINK. ACCOUNT FOR 83% OF U.S. CONSUMER SPENDING, WHICH MAKES UP TWO-THIRDS $23.4 $10.5 OF THE NATION'S GROSS TRILLION TRILLION NATIONAL PRODUCT. WHEELS EATING OUT $31,911, $28,306. $1,800, $1,145. MEN MEN WOMEN WOMEN WHERE DOES THE MONEY GO?* ANNUAL EXPENSE AUDIO AND VIiSUAL EQUIPMENT ALCOHOL $701, $536. $552, $233. MEN MEN WOMEN WOMEN %24 Авoит 1/3 оF MEN AND WOMEN LIE TO HIDE PURCHASES THEIR SPOUSES ABOUT THEIR EARNINGS, OR KEEP SECRET ACCOUNTS. COMMONLY, A HOARDER MARRIES A SPENDER. WOMEN SPEND ON HEALTH, EDUCATION AND THINGS THAT ENHANCE EVERYDAY LIFE AND THEY TEND TO CONSIDER THEIR CHILDREN'S NEEDS AS PARAMOUNT. THEY SAVE MORE, AND EXHIBIT LESS RISKY FINANCIAL BEHAVIOR. CERTAIN SPENDING AREAS WILL REMAIN DIVIDED BASED ON THE SOCIAL DIFFERENCES; HOWEVER, AS TRADITIONAL ROLES BLUR, SPENDING PATTERNS ARE ALSO LIKELY TO ALTER. MEN ARE MORE INTERESTED IN INVESTING (83%) AND WHILE WOMEN PREFER ENTREPRENEURSHIP THE TOPICS OF (54%), SAVINGS (79%) AND FRUGALITY (67%). ACCORDING TO A RESEARCH CONDUCTED BY MIT AND UNIVERSITY OF MINNESOTA, MEN TEND TO SPEND MONEY QUICKLY AND RACK UP DEBT IN REGIONS WHERE THE MAN-TO-WOMAN RATIO IS ESPECIALLY HIGH. WOMEN'S WORLD THEY CONTROL SOME $12 TRILLION OF THE WORLD's $18.4 TRILLION IN ANNUAL CONSUMER SPENDING, AND THAT PERCENTAGE IS LIKELY TO RISE. IN RECENT YEARS THERE HAS BEEN A SHIFT IN PURCHASING POWER AND WOMEN ARE EXPECTED TO DRIVE THE POST-RECESSION WORLD ECONOMY. WOMEN MAY ALSO PLAY AN IMPORTANT 24 %$4 ROLE IN RESHAPING INDUSTRIES LIKE FINANCIAL SERVICES. THE FEMALE INCLINATION TO SAVE IS LIKELY TO ACCELERATE GROWTH OF BANKING SERVICES. 90% 80% NOW NOW 72% 60% IN 2000 IN 2000 90% OF WOMEN NOW DEAL WITH 80% BUY AND SELL STOCKS TO FINANCIAL PLANNERS, (18% MORE MAKE MONEY, AN INCREASE OF THAN IN 2000). 20% IN ONLY NINE YEARS. CONFIDENCE* ANXIETY* NEGOTIATING SALARY MEN 58% WOMEN 33% MEN 28% WOMEN 44% MEN 18% WOMEN 19% *TOWARD MONEY AND FINANCES IT's COMMON KNOWLEDGE THAT MEN ARE FROM MARS AND WOMEN ARE FROM VENUS sO THE DISPROPORTIONS SHOULDN'T COME AS A BIG SURPRISE. HOWEVER, THE GAP BETWEEN MEN AND WOMEN IN TERMS OF MONEY HAS BEEN SHRINKING OVER THE PAST DECADES AND THE PROCESS IS STILL GAINING MOMENTUM. THE END BROUGHT TO YOU BY EasyFinance.com Guide to Consumer Financial Products SOURCES: http://www.mint.com/blog/uncategorized/boys-gone-shopping-wild/ http://dailyinfographic.com/men-vs-women-online-shopping-infographic http://articles.businessinsider.com/2012-01- -24/news/30658293_1_secret-shoppers-chrysler-customers-gender http://blogs.wsj.com/ideas-market/2011/01/27/the-gender-of-money/ http://www.thedailybeast.com/newsweek/2009/09/11/the-real-e- merging-market.html http://www.forbes.com/2009/11/12/spending-shopping-money-mana- gement-forbes-woman-net-worth-female-breadwinner.html http://www.foxbusiness.com/personal-finance/2011/09/30/battle- -sexes-how-men-and-women-view-money/ © 2012 EasyFinance.com %24