New Survey Says Men Save More Money than Women

A new survey from CreditDonkey.com of more than 1,000 Americans found men save more money than women and feel more confident about retirement.

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Shocked to see the differences among saving habits

Los Angeles, CA (PRWEB) May 13, 2014

Over half of male respondents, some 52.4%, said they have at least $1,000 in savings compared to just 41.1% of female respondents, according to survey results just released from credit card comparison and financial education website CreditDonkey.

Survey Findings: http://www.creditdonkey.com/men-savings.html

"We were shocked to see the differences among saving habits," said Charles Tran, founder of CreditDonkey.com. "In nearly every savings category we asked, men tipped the savings scale when pitted against women's savings habits."

Survey Highlights

  •     65.1% of male respondents have "more than $500 in savings at the moment" vs. 54.5% of female respondents
  •     19.4% of male respondents are "not currently saving money" vs. 26.1% of female respondents
  •     39.1% of male respondents "have enough saved to cover three months of expenses" vs. 27.6% of female respondents
  •     24.9% of male respondents "feel confident about retirement" vs. 19.3% of female respondents
  •     13.8% of male respondents contribute over 20% of their income toward savings vs. 6.8% of female respondents

To read the full survey findings, please visit http://www.creditdonkey.com/men-savings.html

The credit card comparison and financial education website CreditDonkey.com surveyed 1,235 Americans, age 18 and over, on their savings and debt between January 10 and January 13, 2014. Final survey analysis and findings published May 7, 2014.


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