Women save more than men despite earning less

   Dec 3, 3:26 pm

London, Dec 3 (ANI): Women in Britain end up saving a larger chunk of their income compared to men, a new study has revealed.

The fairer sex usually put aside 7,981pounds or 40 per cent of their gross average earnings on the other hand, men save 7,657 pounds, which is just 23 per cent of their typical salary.

The only places in UK where men were found to have saved more than women were Scotland and the North of England.

Researchers at the Halifax suggested women's savings were likely to have been boosted by wealthier partners transferring cash for tax purposes, as well as the numbers of older women inheriting money after their husbands had died, the Daily Mail reported.While women typically have slightly higher savings balances than men, the difference as a proportion of earnings is quite substantial," Halifax economist Martin Ellis said.

"Female savers seem to be managing to devote more of their earnings to savings."

The report revealed that the customers in the South had a typical balance of 8,734 pounds, which is 29 per cent of gross annual earnings for those regions.

While, those in the rest of the UK had a slightly lower balance of 7,759 pounds, but had put a higher proportion of income away, which was at large 33 per cent.

The Halifax used its savings database to compile the report, alongside official statistics on earning s. (ANI)

Reducing work-family conflicts at workplace leads to better sleep Jan 27, 2:31 pm
Washington, Jan 27 (ANI): A new study has examined the fact that if work-family conflicts are sorted out at the workplace then individual may lead to a better sleep at night.
Full Story
Flexible work schedules of employees improve health, sleep Jan 27, 10:28 am
Washington, Jan 27 (ANI): A new study has examined that people who have flexible work schedules have better health and they sleep properly than their counterparts.
Full Story
People with 'learning' attitude likelier to get 'dream jobs' than their counterparts Jan 22, 2:28 pm
Washington, Jan. 22 (ANI): A new study has recently revealed that people who have learning attitude will have more success finding their dream jobs than other people.
Full Story
Getting back at your hostile boss has its advantages Jan 21, 1:14 pm
Washington, Jan 21 (ANI): A new study has found that returning hostility to the bosses makes employees feel less like victims.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY