Khaleej Times published an article on differences in how men and women treat money and manage personal finances. The article which was written by Souqalmal Founder and CEO Ambareen Musa talks about financial awareness in men and women, their spending habits and approach to savings and investments.
According to Standard & Poor’s Global Financial Literacy Survey 2015, UAE’s women are more financially literate than men. While globally, 30 per cent of women are financially literate, five per cent lower than men, this gap is reversed in the UAE’s case with a four per cent higher number of women being financially literate when compared to their male counterparts. This goes to show that women in the country are better equipped to make sound financial decisions than men. Time to hand over the purse strings to the ladies then?
For full article go to Khaleej Times