Huge Disconnect in How Men, Women Think They Divide Spending

Sexes Don't Even Agree on Supposedly Shared Tasks

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Nov 30, 2016, 08:45 ET

AUSTIN, Texas, Nov. 30, 2016 /PRNewswire/ -- There's a massive divide between how men and women think they spend money, according to a new CreditCards.com report. For example, more than two in three women (68%) say they or another female is primarily responsible for their household's holiday shopping. But just 30% of men believe that a woman is in charge (these figures refer to households with more than one adult).

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CreditCards.com found major differences in how men and women view household spending power

http://www.creditcards.com/credit-card-news/poll-men-women-disagree-spending.php

The disconnect is also very clear in the other six surveyed categories:

73% of women say a female does most of their household's shopping for clothes and shoes; just 23% of men agree
70% of women say a female does most of their household's grocery shopping; just 31% of men agree
46% of women say a female is primarily responsible for buying movie/concert/sports tickets in their household; just 7% of men agree
44% of women say a female is primarily responsible for deciding where their household should go out to eat; just 9% of men agree
43% of women say a female is primarily responsible for their household's big-ticket electronics/appliances purchases; just 8% of men agree
41% of women say a female is primarily responsible for planning where their household should go on vacation; just 12% of men agree

Another way to look at these figures:

41% of men but just 25% of women say they equally share holiday shopping duties with another member of their household
36% of men but just 23% of women say they equally share shopping for clothes/shoes with another member of their household
33% of men but just 23% of women say they equally share the grocery shopping with another member of their household

"Men and women can't even agree on when they share spending duties," said Matt Schulz, CreditCards.com's senior industry analyst. "It's clear that women have more purchasing power than men, but apparently men have even less of a say than they think."

The survey was conducted by Princeton Survey Research Associates International on behalf of CreditCards.com. PSRAI obtained telephone interviews with 673 adults living in the continental United States who have more than one adult in their household. Interviews were conducted by landline and cell phone in English and Spanish by Princeton Data Source from November 17-20, 2016. Statistical results are weighted to correct known demographic discrepancies. The margin of sampling error for the complete set of weighted data is plus or minus 4.5 percentage points.

About CreditCards.com:

CreditCards.com is a leading online credit card marketplace, bringing consumers and credit card issuers together. At its free website, consumers can compare hundreds of credit card offers from America's leading issuers and banks and apply securely, online. CreditCards.com is also a destination site for consumers wanting to learn more about credit cards. Offering advice, news, features, statistics and tools, CreditCards.com helps consumers make smart choices about credit cards. In 2015, over 27 million unique visitors used CreditCards.com to find the right credit card to suit their needs.

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Ted Rossman
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917-368-8635

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SOURCE CreditCards.com