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)

Open-plan offices detrimental to employees' health, productivity Sep 30, 12:36 pm
London, Sept 30 (ANI): A new survey has revealed that working in an open-plan office affects employees' health and productivity.
Full Story
Coffee drinkers more 'fun, successful' in office than tea-drinkers Sep 29, 11:24 am
London, Sep 29 (ANI): A new study has revealed that people who drink coffee are more fun and successful at their work than the people who drink tea.
Full Story
Study links job insecurity to asthma Sep 28, 4:42 pm
Washington, Sept 28 (ANI): A new study has indicated a link between asthma and work related stress.
Full Story
Fat teenage boys likelier to get 5th less salary as grownups Sep 24, 12:19 pm
Washington, Sept 24 (ANI): A new study has found that obese teenage boys might end up earning up to 18 percent less at their jobs when they grow up.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY