Men often have more disposable cash than women, survey shows
First Women Exclusives · September 2, 2016
On average, men have £118 more disposable money than women every month, after household utilities and other essentials have been paid off.
The survey by YouGov for vouchercodes.co.uk found that men had an average of £487 a month in disposable income, while women have £369. In 2015, a separate survey found an £80 a month gap between men’s and women’s spare cash money, with men having £412 in disposable income on average each month and women having £332.
YouGov questioned 1,600 people across Britain in early August and found that women spent larger portions of their monthly income on utility bills and childcare. These expenditures accounted for approximately 23 per cent of their monthly budget compared with 20 per cent for men.
Those aged between 45 and 54 years old tend to have the least disposable cash every month, with around £381. People that fall in this age group are often described as the “squeezed middle” because they may have two generations – parents and children – relying on them. On the other side, the 25 to 34-year-old age group had the most disposable amounts of cash at £478.
VoucherCodes.co.uk found that people in East Anglia tend to be the most well-off in terms of disposable incomes, with up to £615 cash surplus each month. Meanwhile, the people in Wales were found to have the least disposable income on average, with only £243 every month.
The survey also found that the Brexit vote has had an impact on people’s financial security, with one in three (33 per cent) people saying they feel less financially secure than before the vote, and only one in 20 (5 per cent) saying they feel more secure.
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