The gender gap in personal finance

July 17, 2009

womenmoneyIt’s not surprising that men and women handle their personal finances differently. Yet, data collected by the employee benefits company Financial Finesse shows that men trump women when it comes to managing their wallets.

Out of the 3,500 U.S. workers polled, 90 percent of men said they pay their bills on time each month compared to only 74 percent of women. Also, 71 percent of men said they have a handle on their cash flow so they spend less than they earn each month, while only 53 percent of women could claim the same.

Manisha Thakor, a Houston-based finance expert for women, explains that women tend to be less educated in personal finance.

“Men talk socially about money and business,” said Thakor. “Women are talking about nurturing subjects.”

Also, women are paid less than men, making such things as paying bills and credit card balances harder, she said.

Who handles finances better in your household?

359 comments

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

Wow, marvelous blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your web site is excellent, let alone the content!

you’re truly a just right webmaster. The web site loading speed is amazing. It sort of feels that you are doing any unique trick. In addition, The contents are masterwork. you have performed a fantastic process in this topic!

Wow, incredible blog format! How long have you ever been running a blog for? you make blogging glance easy. The full look of your site is excellent, let alone the content material!

Great blog here! Additionally your site rather a lot up fast! What web host are you the usage of? Can I get your associate hyperlink for your host? I wish my website loaded up as quickly as yours lol

I quite like reading through a post that can make people think. Also, thank you for allowing me to comment!

Spot on with this write-up, I absolutely feel this web site needs much more attention. I’ll probably be returning to read more, thanks for the information!

There may be noticeably a bundle to learn about this. I assume you made sure nice points in features also.

Your style is really unique compared to other people I’ve read stuff from. Thank you for posting when you have the opportunity, Guess I’ll just bookmark this web site.

Greetings! Very useful advice in this particular article! It’s the little changes which will make the biggest changes. Many thanks for sharing!

I enjoy reading an article that will make people think. Also, many thanks for allowing for me to comment!

Nice post. I learn something totally new and challenging on sites I stumbleupon everyday. It’s always exciting to read content from other authors and use something from their sites.

I like reading a post that will make people think. Also, thanks for allowing me to comment!

I’m amazed, I must say. Seldom do I come across a blog that’s both equally educative and interesting, and without a doubt, you have hit the nail on the head. The problem is something which too few people are speaking intelligently about. Now i’m very happy I found this in my hunt for something concerning this.

Great article. I am experiencing many of these issues as well..

There is obviously a bundle to identify about this. I feel you made various good points in features also.

Everything is very open with a very clear explanation of the issues. It was really informative. Your website is extremely helpful. Many thanks for sharing!

This is a good tip particularly to those new to the blogosphere. Simple but very precise info… Appreciate your sharing this one. A must read article!

I was able to find good information from your blog articles.

I could not refrain from commenting. Well written!