Banking, brokerage,
business, or trust:
 Newsroom print   |  font size: A A A A   |

News Releases

<< Back 

State Fair poll: Women take blue ribbon in money decisions

At Minnesota State Fair, even men say women make better financial decisions


MINNEAPOLIS (Aug. 28, 2009) – According to Minnesota State Fair goers, it’s no contest: women make better decisions with money than do men. Even a majority of men stated that when it comes to pocketbook decisions, women simply do better.

The poll was taken of 1,274 adults (389 males and 885 women) at the Thrivent Financial for Lutherans booth at the Minnesota State Fair on Thursday, Aug. 27.

Thrivent Financial Question of the Day at the Minnesota State Fair
Generally, who makes better decisions with money? (A) Men (B) Women
  • All Respondents: Men – 39 percent; Women – 61 percent
  • Female Respondents: Men – 36 percent; Women – 64 percent
  • Male Respondents: Men – 48 percent; Women – 52 percent
  • Age 18-44 Respondents: Men – 39 percent; Women – 61 percent
  • Age 45-64 Respondents: Men – 31 percent; Women – 69 percent
  • Age 65+ Respondents: Men – 49 percent; Women – 51 percent
Kid’s Question (Age 17 and younger; 453 total respondents)
Who is more likely to save their allowance? (A) Boys (B) Girls
  • Children/Youth Respondents: Boys – 42 percent; Girls – 58 percent
Whether men or women (or boys or girls) are inherently better money managers is open to debate. But Wendy McCullough, Thrivent Financial director of income solutions, notes that talking with someone you trust about your money options and choices is never a bad decision.

“For those who are married or with partners, money decisions should be made jointly whenever possible,” McCullough states. “Understanding your spouse’s values around money and his or her financial temperament can go a long way toward maintaining financial harmony in a relationship. It is far better to ‘talk it out’ than ‘have it out.’”

McCullough also explains that as financial decisions become increasingly complex, it is wise to seek out a trusted financial professional, especially around investment decisions. “Whether you are saving for your kids’ college education, investing in a 401(k) or IRA, or simply need some help developing an action plan for reaching your financial goals, a qualified financial professional can help you sort through your options and ensure that your actions are aligned with your overall financial goals.”

About the Thrivent Financial Question of the Day at the Minnesota State Fair
The Thrivent Financial Question of the Day at the Minnesota State Fair is a self-administered survey of fair goers from 9 a.m. to 9 p.m. daily at the Thrivent Financial for Lutherans booth (Ramberg Senior Center, Judson Ave. and Underwood St.). Survey results are technically not representative of the U.S. population as a whole. However, the margin of error based on more than 1,000 respondents is approximately 3 percent.

About Thrivent Financial for Lutherans
Thrivent Financial for Lutherans is a not-for-profit, Fortune 500 financial services membership organization helping approximately 2.6 million members achieve financial security and give back to their communities. Thrivent Financial and its affiliates offer a broad range of financial products and services including life insurance, annuities, mutual funds, disability income insurance, bank products and more. As a not-for-profit organization, Thrivent Financial creates and supports national outreach programs and activities that help congregations, schools, charitable organizations and individuals in need. For more information, visit www.thrivent.com.

Thrivent Financial representatives are registered representatives for securities offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, 800-THRIVENT (800-847-4836), a registered broker-dealer and investment adviser, and a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA and SIPC. They are also licensed insurance agents of Thrivent Financial.

Insurance, investment products, securities, and trust and investment management services and accounts are not deposits, are not FDIC insured, are not insured by any federal government agency and are not guaranteed by Thrivent Financial Bank. Variable insurance contracts, investment products, securities, and trust and investment management accounts may go down in value. For additional important disclosure information, please visit www.thrivent.com/disclosures.


-END-
200903325


Contact Information:
   Brett Weinberg
Director, Public Relations
brett.weinberg@thrivent.com
Phone: (612) 844-4272
   Dave Rustad, APR
Senior Media Relations Specialist
dave.rustad@thrivent.com
Phone: (612) 844-7037
   Stacy Eckes-Borys
Senior Media Relations Specialist
stacy.eckes-borys@thrivent.com
Phone: (920) 628-2445

 

 

Find us on Facebook

Follow us on Twitter

 

Appleton Office:
4321 N. Ballard Road
Appleton, WI 54919-0001 USA

Minneapolis Office:
625 Fourth Avenue S.
Minneapolis, MN 55415-1624 USA

Contact Us
800-THRIVENT
(800-847-4836)


ABOUT SSL CERTIFICATES

VeriSign

Dalbar

Insurance products issued by Thrivent Financial for Lutherans, Appleton, WI. Not all products are available in all states. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415, a FINRA and SIPC member and a wholly owned subsidiary of Thrivent Financial for Lutherans. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. They are also licensed insurance agents of Thrivent Financial.

Bank products and trust services are offered through Thrivent Financial Bank, (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, securities, investment advisory services, and trust and investment management accounts are not deposits, are not guaranteed by Thrivent Financial Bank, are not insured by the FDIC or any other federal government agency, and may go down in value.