Whether men and women should handle their money differently is an important question to ask. There are a lot of different studies and surveys out there that show that your gender has a pretty large impact on how you earn, spend, save, and invest your money- but should it? After all money is money! And of course there are generalities made in these studies because obviously we’re all individuals and handle money in our own unique ways. But that being said, there are still things we can learn from the data about the views, tendencies, and actions of each gender in the realm of personal finance. Recognizing these things will allow us to understand others better, we’ll do a better job at raising our children to handle money well, and we might even gain a better insight of ourselves along the way.
Additional links from this episode
- Fidelity study that found that 39% of women who haven’t made a change yet are considering a change to their work situation.
- Pew Research Center’s data on the wage gap during 2018.
- Randstad survey that found last year that 60% of women have never negotiated with an employer over salary.
- A study by the Wharton School of Business found that women are more likely to view shopping as a recreational activity over men.
- The survey by US Bank found that women value financial security more than men.
- Study by BlackRock that found men enjoy managing their investments more than women.
During this episode we enjoyed an On Cassette by New Anthem. And as we’ve kicked things off with a bang in 2021, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times!
Best friends out!