Do Men and Women Spend Differently?

by SMD 

For this post, a guest writer talks about the spending habits of men and women. Do you agree with him? Does his post seem fair and balanced, or is there some generalized sexism that comes through? I considered not posting it, but I thought it might bring up some interesting conversation. So here it is, unedited and unchanged.

Do Men and Women Spend Differently?

With the Holiday season in the books, it’s time to sit back and take a good hard look at spending reports. Some very interesting information has come to light lately on the differences in spending between men and women in this day and age. The results, while true, are not exactly a pretty picture of what the younger generations are doing with their hard earned dollars.

Christmas time brings out the best in everyone, especially when it comes to spending dollars. Those who are normally frugal will break out the debit cards and checkbooks with their minds set to buy some expensive gifts. Spending itself does not discriminate, either. Though women have long gotten the bad rap for spending too much going into the holidays, they really are not alone. Especially among younger age groups, men are just as guilty of blowing their retirement fund as women are. Still, some interesting differences do exist.

Women’s spending is up

Men are guilty of this, too, to be sure, but studies are indicating that women actually are giving good reason for this long held stereotype. A BBC report on the happy-go-lucky lifestyle being perpetuated by today’s active woman can be found here ( The premise of that report is simple. Women are staying single for much longer now than they used to, which means that are using their mostly new found buying power to do little more than power their lifestyle.

What are they buying?

Men and women both spend money, but the differences come in where that spending occurs. All over the globe, women are now becoming the largest consumers of things like electronics and other such entertainment goods. They have long been the biggest buyers of beauty products, but now they are stretching out to overtake men in spending on clothes and other things. Men, on the other hand, are spending more money on travel and luxury food. It appears that the current downswing in the American economy is causing men to focus more on saving their dough, while women are having less concern for the future and more concern for the here and now.

What about debt?

Lost somewhere in the middle of all of this is how men and women are managing their personal finances. Generation X has been vilified for not knowing how to save or plan for the future, meaning that both men and women are to blame for that. About 2 in every 5 young adults in the United States have a substantial amount of credit card debt today. Studies indicate that women are at the top of the list in this regard, as well. A report from the University of Chicago can be found here ( to indicate the level of debt for men and women is leveling out some.

Making sense of all of this

If you are looking for patterns in spending, then market research would indicate that no younger people are really good at saving their cash. Women, though, have been using their funds more to power their active lifestyles in today’s changing world. This is especially true for things like entertainment goods, which have long been the vice of men with a little bit of extra money to burn.

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3 Responses to “Do Men and Women Spend Differently?”

  1. PT from Prime Time Money on January 19th, 2008 6:21 pm

    I think everyone spends differently, regardless of gender. My wife is as frugal as it gets.

  2. ChampDog on January 19th, 2008 9:42 pm

    Yes, I agree. Everyone spends differently regardless of gender. Not to bias, based on my experience, I think single people spend more than the couple.

  3. ztdog101 on February 20th, 2008 9:41 am

    I think this article is total b.s. everyone knows that women spend more than men they just need to deal with it. It’s not being sexist it’s being honest

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