Women and Money: The Lowdown on Their Affair

// February 27th, 2006

I can’t take my mind off my financial situation, nowadays. I guess it’s with the age. And since I’m not doing well in this field, I decided to learn a thing or two on how to alleviate “my broke-ness”.

 But look what I’ve found. These are actually labeled as Surprising Statistics on Women and Money. I beg to disagree. It’s not that I contest the truthfulness of the following information but…

• Women aged 25 to 34 spend 84 percent more than average on women’s clothes. Among women who live alone, spending peaks in the 25-54 age group. There are about 15 million women who live alone, 48 percent are over 65.
• Maybe money can buy love. A 2001 study revealed that people believed that spending more on Valentine’s Day might bring more love. According to a nationwide survey of 1,800 people, the greater the investment, the higher the expected romantic return. Those who anticipated high romance planned to spend an average of $16 more than those with lower romantic expectations. Men outdid women, expecting to spend an average of $36 on their significant other, compared to the $26 women thought they would spend.
• Having a child is now the single best indicator of financial collapse.

What did not win my nod is that most of those statistics regarding the affair between women and money are not at any rate surprising. They will barely make any woman stop from batting her eyelashes in the hope of getting swept off her feet by a man with a shining credit card. 

But I’m not generalizing here, this one made me muster a faint and yet proud smile. This one really is surprising.

• In 2003, women accounted for $55 billion of the $96 billion spent on electronic gear.

Sexy, isn’t it? I guess I have just included a few more

However, the thing is, women, particularly moi, are not saving enough. Woe to Prada, LV, Manolo, and that feisty Blackberry. But boy do we love them so much!

I guess it’s not women’s relationship with money per se that needs some tweaking, it’s our obsession for all things flashy (like credit cards?) and new. Or maybe no, we can’t help it, I know, the ultimate solution is, invest well and save well. Now!