Mars and Venus Get the Tab

Women may have a reputation for being the overspending gender, but, ladies, no need to take all the heat.

While women may have the men beat in terms of time spent in stores (why settle for apple red when the perfect shade of weathered brick may be in the pile of sale sweaters or one of the eight other stores on Level 3 of the mall?), it turns out that the final tab females ring up is often lower than that of the supposedly shopping-challenged gender.

The Amerix Quarterly Index shows that women of all ages have lower amounts of total unsecured debt than men. Why the lower bills? The report concludes that since men generally make more money than women, they are more likely to buy larger, more expensive items.

It turns out that more gals than guys seek help wrangling with their inner spendthrift. Roughly 70% of those enrolled in debt management plans are women, according to the stats kept by Amerix, a technology provider to non-profit credit counseling firms. It bases its study on aggregate data from more than 300,000 people enrolled in debt-management plans.

We don't mind if you gossip with the gals over happy hour about your meathead man's fifth HDTV purchase. But go ahead and give your man a few pointers on bargain hunting. And if things get out of hand, send him to our High Definition, DVD-enabled, turbo-charged Get Out of Debt area.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1151514, ~/Articles/ArticleHandler.aspx, 6/28/2017 6:45:28 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 9 hours ago Sponsored by:
Change down DOW 21310.7 -98.9 -0.5%
Change down S&P 500 2419.4 -19.7 -0.8%
Change down NASD 6146.6 -100.5 -1.6%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes