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)

Landscaping `lean` offices with green plants can increase productivity by 15 pc Sep 1, 9:53 am
Washington, Sep 01 (ANI): A new, first-of-its-kind, study has revealed that designing the offices with green plants could increase productivity by 15 percent.
Full Story
Italian students check-in at Amity to explore rich Indian culture and heritage values Aug 26, 6:57 pm
Noida, Aug 26 (ANI): Twenty five students pursuing different programmes in UNIMORE, Italy,will stay at Amity University for three weeks from August 25 till September 12, this year wherein they will be familiarized with India's rich culture and traditions.
Full Story
Dearth of quality faculty posing challenge for India's engineering colleges: Massachusetts Varsity academic Aug 21, 6:28 pm
Noida, Aug. 21 (ANI): India still faces an acute shortage of quality faculty members, whose need is felt in the country's roughly 3,000 engineering colleges.
Full Story
Rude bosses negatively affect their team Aug 21, 3:45 pm
Washington, Aug 21 (ANI): A new study has found that leaders who are insulting towards their teammates, could end up creating a conflict amongst the whole team, putting their productivity in jeopardy.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY