Battle of the financial sexes
Women are more likely than men to admit to splashing out on items they can’t really afford, according to a survey.
One in five (21%) women admitted to this, compared with one in six (15%) men, Halifax found.
However, women generally consider themselves more organised than men when it comes to their finances, the survey of more than 2,000 people found.
Fewer women feel better-off than they did this time last year when compared to men. More women are worried about their ability to pay their rent/mortgage or having enough income to cover living costs and pay debts.
There is also a significant difference in how men and women feel about their financial futures, with half of women (50%) feeling worried about their ability to save for the future, compared to just over a third (37%) of men.
More men (28%) think their households’ financial situation will get better in the next year than women (23%).
The survey found an increasing number of consumers believe their household is coping well financially and found people in their 40s have shown the greatest improvement in financial confidence.