Men 'more likely to discuss finances than women'

Fix energy prices until 30th September 2017

Looking to switch your business energy supplier? Click here

Use our OFGEM accredited comparison tool to compare the whole market today.

Men are more likely to talk openly about their finances than women, according to new research.

The study by Saga also found that 21 per cent of those under 50 are happy to talk in public about money matters, compared to just 14 per cent of those over 50.

According to the findings, people are most likely to discuss which company they bank with, whether they have a pension and the type of bank account they have in public with friends.

The chief executive of the Saga Group, Andrew Goodsell, said: "Talking about your finances to your peers can be a useful exercise, however taking financial advice from friends, colleagues, and even family, whilst with best intentions, is often ill advised.

"There is no substitute for professional advice as the recommendations given need to be as individual as we, and our finances are."

David Elms, the chief executive of IFA Promotions, recently stated that the need of consumers for mortgage advice may be likely to increase in coming months due to the market's current conditions.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.



Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.