Males rule the financial roost
When it comes to making an important financial decision British males rule the roost, or so suggests a new report.
A recently issued report, prepared by a leading UK bank has revealed that more than half of all men within the country state that they have the final say when it comes to making a major monetary decision. It has also been found that close to 7% of women, have the final say, when deciding on the value and term of a personal loan.
With regards to the way in which money is allocated towards grocery shopping versus the purchase of luxury personal items, a greater percentage of women are found to take control of the financial reigns, with more than 40% of females dictating the household budget, faired against a meagre 4% of men. A remaining 56% of people stated that they made a joint decision in respect of their household spending.
Demographically, young married and co-habiting couples tended to share their financial responsibilities a little more than the older generations, with close to 60% of people in their mid 20’s to early 30’s stating that they almost always deferred any financial decision to their partners first.
On the whole, Britain as a nation is certainly becoming more aware of its financial responsibility, hence the increased number of people who are actively discussing their finances with their partners.
