Sociable men spend more but protect less: YouGov
Women are far more likely to consider buying insurance than men, and are spending less than before the recession, a study commissioned by Paymentshield has found.
A poll of more than 1000 adults in the UK, conducted by YouGov, found that women are more favourable towards insurance, with 70 per cent of them saying insurance was an important consideration for their monthly budget, compared to 60 per cent of men.
Men also came out as social spenders, spending an average of £101.11 compared to £68.15 spent by the average woman.
In addition, men have been found more likely to pay for luxury items with their personal savings.
Tim Johnson, chief executive of Paymentshield, said: “With such an unpredictable economy, it might be time for them to seek financial advice about more secure ways to protect their finances.”
However the poll also found that, on average, British men save 45 per cent more than women, with savings on average £257.50 a month compared to the £176.40 a month put away by women.
Mr. Johnson added: “Our research has shown that men generally have a more optimistic view of the future and aren’t as worried about job or financial security than their female counterparts.”