Comments
Contrary to general perception, it is men and women over the age of 40 who are willing to take the risk of investing their savings, going by the findings of an online survey conducted by AbsolutData Research & Analytics. It is also the age group that spends the least on garments and accessories.
While the survey shows that both genders spend a quarter of their monthly income on household consumption, 20 per cent of it goes into savings and investments. While shopping is the second option used to dip into savings for both, predictably women prefer to use it on jewellery.
The survey was conducted online amongst 1012 respondents (613 male and 399 female), with most of them working in the private sector. It touches on other parameters as well.
On the ‘personal income and contribution to household' front it reveals that men are just marginally ahead of women when it comes to high incomes. Against 40 per cent men, 35 per cent women earned more than 3 lakh a year. However, for three-fourths of the women their earnings were the secondary source of income.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.