As the clichéd saying goes: men are from Mars, women are from Venus. We take a closer look at the gender gap and explore whether there are any differences in the way men and women think about money.
Words by Lum Yin Peng
We often hear of gender-based stereotypes like “Women are just bad drivers” and “Men are the risk-takers”. But are there any differences between men and women when it comes to money management too?
Well, according to results of a MasterCard annual survey, the short answer is: “Yes”.
Take a look at the Gender-based Financial Literacy indices listed by country in the chart below. To arrive at this index, Mastercard used score results of women who took a financial literacy test and divided them by those attained by men. Disparity occurs when the index is below or above the “100” Gender Parity Line. A lower index implies women ......
