This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Men V Women: The Economic And Financial Divide 2013

As of February 2013, women, generally, are less inclined than men to think that they are currently living comfortably (14% against 20%), with a bigger proportion of women also reporting that money is tight (46% compared with 41%).

It may be an indication of who does the shopping, but women (63%) are more inclined to say that they are spending more or a lot more than a year ago on household groceries than men (56%). More women report they are spending a lot less than a year ago on going out and treating themselves - 25% against 19% - and less or a lot less on clothes (42% against 33%).

Financial behaviour

Current accounts: Parity for men and women

In 2002, women were slightly less likely to have a current account than men (82% against 85%), however women have caught up and now both are equally likely to have a current account with 90% of both sexes doing so. 

Deposit based savings: Women have higher savings balances

The typical savings balance held by female customers is £8,211 compared to £7,699 held by men - a difference of £512.

Female savers with Halifax have an average balance equivalent to 41% of their average annual gross earnings, whereas men have an average balance of just 23% of their earnings - a difference of 18 percentage points.

Men are also more likely to have no savings, with 37% of single men reporting to have none compared with 30% of single women.

Savings and Investments: Women more likely to have an ISA but less likely to have share related investments

A slightly higher proportion of women (34%) have an ISA than men (31%). But despite having a higher uptake of ISAs, those women with savings in an ISA have a slightly lower balance than men, on average: 2% lower at £8,816 against £8,973.

Men are more likely to have share related investments: stocks and shares (14% against 11%), unit trusts (3% against 2%) and company share schemes (3% against 1%).

3 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs