Money and Gender

MONEY AND GENDER….Some new research from Ohio State University based on a longitudinal survey shows that husbands and wives have very different ideas about the state of family finances:

Half of all couples stated income values differing by more than $5,000 a year. And 10 percent of the couples? income figures differed by more that $15,000 a year. Usually it was the men who thought the couple earned more ? the typical husband said the couple?s income was $1,000 to $2,500 more than his wife reported.

….While couples have very different views about their income, they agree even less about their total net wealth. Among older couples surveyed, half differed in their wealth estimates by more than $14,700, and 10 percent differed by more than $113,000. Among younger couples, who have had less time to save, half differed in their wealth estimates by more than $7,000, and 10 percent differed by more than $31,000.

Unfortunately, the study stops short of setting off a full scale gender war by admitting that it “couldn?t tell which spouses were more accurate in reporting family finances.”

However, this is a blog, not a scholarly journal, so there’s nothing to stop us from having a full-scale stereotype war over this, is there? You may fire when ready.

POSTSCRIPT: In our family, Marian does the finances and therefore almost certainly has a better idea of our precise income, but even so she’s the one who worries about it the most. She’s usually concerned about how much money we have, whereas I’m perpetually astonished at how much we have.