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State Fair poll: Men, women disagree on who is better penny pincher
Each gender claims prize for being more careful with money
| MINNEAPOLIS (Sept. 4, 2009) – When it comes being careful with money, women pinch pennies better than men—at least in the opinion of women. Similarly, men say they are more frugal than their female counterparts. Welcome to the world of personal finance.
These findings come from a survey of 704 adults at the Minnesota State Fair on Thursday, Sept. 3. The survey, part of the Thrivent Financial Question of the Day at the Minnesota State Fair, revealed that three in five males (60 percent) said that men were more careful with money while three in four females (76 percent) said that women were more frugal. Thirty-seven percent of all respondents said that men were more careful with money, while 63 percent of all respondents said women were more careful. (Males accounted for 36 percent of survey participants while females accounted for 64 percent of participants). Thrivent Financial Question of the Day at the Minnesota State Fair Generally, who is more frugal about money? (A) Men (B) Women
Who buys better toys/gifts for you? (A) Your father (B) Your mother
McCullough says being careful with money can help lift families out of consumer debt (i.e., credit card debt) to financial stability. “Saying ‘no’ to spending impulses may feel restrictive, but it is absolutely essential if you want to build a solid financial foundation for other life needs,” says McCullough. “It is generally better to focus on your financial fundamentals—like insuring your health, assets, income and life—than to see your income going to non-productive interest payments.” And for frugal individuals married to spendthrifts, McCullough recommends that they try to find common ground. “It can be frustrating for both partners when you have conflicting financial philosophies,” she observes. “Still, if you together identify your financial goals and mutually commit to a strategy for accomplishing those goals, you will be far more likely to reach your goals and enjoy some financial harmony in the process.” 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 not weighted to be representative of the U.S. population as a whole. 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- 200903332 |
| 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 | |||
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