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July 30, 2021

Women enjoy better outlook on economy than men: study

Not unlike their opinions of NFL Sundays, Lady Gaga and Ryan Seacrest, women and men have different views on money. 1282334_silhouettes_3

For example, studies have shown that, say, while men chase beauty when picking a mate, women are more likely to focus instead on their partner's cash. Or there’s a good bit of evidence that suggests when wives earn a higher salary than their husbands, chances are that marriage is headed straight for divorce.

These aren’t written-in-stone social truths, but the pattern is here nonetheless: chicks and dudes just don’t see eye-to-eye on green.

Of course, who needs men at a time like this?

According to a new Citi survey, women are much more upbeat than men on the state of the world’s economy these days.

By the study’s numbers, 66 per cent of women believe their financial situations will improve in the next year, compared to just 62 per cent of men.

A further 56 per cent of women think the economy where they live will improve in the next year, too; only 50 per cent of participating men feel the same way.

“Many women are CFOs of their households, controlling the purse strings on purchases,” a Citi marketing rep said in a statement. “So their positive near-term outlook on the economy may be a positive indicator for recovery.”

This Citi survey certainly isn’t perfect – it encompassed only about 2,000 participants – but it seems to do a good job of capturing the insecurities of a society still not healed from the recession’s effects.

While women maintain their rosy outlook, it’s worth wondering when men will see their pessimism turn.

As has been widely reported, the great “Mancession” is still among us – whereby American and Canadian men, mired in ravaged blue-collar industries, haven’t yet been able to return to work.

And while it hasn’t exactly been a financial free-for-all for women since 2008, either, clearly their capacity for economic adversity is healthier than ours.

By Jason Buckland, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...