Mediafax (Mediafax)
Personal finance  |  August 07, 2012 11:30:06

While men less saving for retirement, women save more on food


PRAGUE (MEDIAFAX) - According to the poll, women are able to save more on food, while men have less saving for old age. On Tuesday, the company informed about the AWD with the fact that if men must limit their spending, saving on alcohol and cigarettes, the women in the limiting case of an emergency spending for food.

"It's interesting to see how the use of different financial products or perception of the current economic situation between the sexes. Differences are often not large, but it is generally possible to observe some very interesting trends," says the survey results Manhalter Paul, executive director of AWD CR.

In his words, for example, men compared with women less financially provide for their retirement. A full 24 percent of men not used to this end, any financial product. But the men their money a little more invested in funds, often their own savings accounts or term deposit.

Women on the other hand, generally tend to be much more use of financial products related to insurance. It also plans to further reduce their spending given the current economic situation and want to save significantly on vacation, spend it at home or at the cottage and an overall reduction in number of days you spend on it. A little more than men, recently reduced purchases of books and newspapers, cinema, theater or restaurants.

Men are less willing to survey according to skimp on food, 12 percent less than women. The opportunity for significant cuts, but are in alcohol and cigarettes, which would reduce spending 53 percent of them. These data probably connected with the fact that men have to a large extent, what more limited.

Men are also slightly more concerned that given the current economic situation, they lose their job or they, for example, reduce wage. What, however, access of men and women are no different in essence, are expenses for travel, sports, education or housing. In these areas, both sexes equally refuse to save.

Survey was conducted on a representative sample of more than 1000 respondents.

AWD Holding AG is a company engaged in the administration of the European market of private finance. AWD services used by more than two million private clients. The company operates through more than 5,500 private financial advisors in approximately 500 counseling centers in eight European countries (Germany, Great Britain, Austria, Switzerland, Czech Republic, Slovak Republic, Poland and Hungary).

Jan Soukup, soukupj@mediafax.cz

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