property investments News - Credit crunch worries women more than men
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CREDIT CRUNCH WORRIES WOMEN MORE THAN MEN
Article date: 18/11/2008 : 09:50:36
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A study released recently has revealed that women are worrying more about their financial situation during the credit crunch than men.
The research, conducted by Moneywise.co.uk, showed that 43 per cent of women were worried about the state of their finances, including savings accounts and property investments, compared to only 25 per cent of men.
Equally 58 per cent of male respondents said they felt confident about their financial situation, compared to just 26 per cent of women.
Rachel Lacey, an analyst for the website, said that women's worries seemed to focus largely on whether they would have enough set aside for their old age, in savings accounts, property investments and pension funds.
She said: "Women remain less confident than men about having enough money in retirement.
"The question is whether men are over-confident about the future or are in a better position for their old age."
These latest findings follow hot on the heels of reports from pension funds like Prudential that consumers are paying in smaller contributions, or even stopping their payments altogether, because of worries about their financial situation.
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