Gender savings gap revealed

Men and women save for different things. Men save for the future and women save for the short term. Women save to meet short term goals like paying for holidays and men save in case of emergencies, according to a new survey detailing male and female attitudes to saving. Carried out by NS&I Saving, the report highlights that over two fifths of women set cash aside for a holiday where as just under a third of men save up for long term targets covering things such as emergencies. More than a quarter of men said they are saving for retirement where as just 14% of women said the same.