Men v Women: The economic and financial divide

29 June 2012

Halifax has examined the behaviour and experiences of men and women in the labour market and in key areas of personal finance such as spending, savings, pensions and housing.

Martin Ellis, economist at Halifax, said:
"Whilst the economic and financial differences between men and women have narrowed in recent years, significant variations persist. Some of these, such as higher homeownership amongst women, can partly be explained by demographic factors such as the greater number of older women compared with men.

"Women are more cautious regarding equity-related investments and are making less provision for retirement. They are also more pessimistic than men regarding both short-term house price prospects and the likelihood of ever becoming homeowners."

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