Tuesday, September 30, 2014

Women most frugal – Sydsvenskan

Women most frugal – Sydsvenskan

According to Statistics Sweden, SCB, savings account is 217 percent higher today than in 1988.

SBAB deep dive into 206,000 savings accounts. It shows that the high and low-income people save about as much in relation to income. There is, however, clear differences between women and men savings habit. Women are more likely to put money in the savings account than men who increasingly are buying mutual funds and stocks.

The women’s savings account equivalent to between 82 and 116 percent of annual income. The men’s savings account varies from 63 percent to 85 percent of annual income.

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