Gender differences in saving behaviors among low- to moderate-income households

Authors

  • Patti Fisher
  • Celia Hayhoe
  • Jean Lown

DOI:

https://doi.org/10.61190/fsr.v24i1.3232

Keywords:

Savings behavior, Gender, Low to moderate income

Abstract

In this study we explore gender differences in saving behaviors among low- to moderate-income households using data collected online from a national sample of low- to moderate-income households (NC1172) and data on similar income single households from the 2010 Survey of Consumer Finances (SCF). Results show that saving behaviors differ by gender. With the NC1172 sample, we find gender differences in the effects of high-risk tolerance and being non-White on the likelihood of being a saver. In the SCF, the presence of other household members affects savings differently for women and men. Educators and counselors can encourage savings among men and women in low- to moderate- income households as a way to reduce financial risk and ensure financial security.

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Published

2015-03-30

How to Cite

Fisher, P., Hayhoe, C., & Lown, J. (2015). Gender differences in saving behaviors among low- to moderate-income households. Financial Services Review, 24(1), 1–13. https://doi.org/10.61190/fsr.v24i1.3232

Issue

Vol. 24 No. 1 (2015): Spring 2015

Section

New Original Submission

License

Copyright (c) 2014 Academy of Financial Services

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