A third of women over 40 are familys main breadwinner

November 28th, 2007 - 4:29 pm ICT by admin  

London, Nov 28 (ANI): A survey has revealed that more than a third of women aged over 40 are the main earner in their household.

The survey, conducted by a women’s magazine, also revealed that one in four women made all the major spending decisions.

According to the survey, out of all the women questioned, 80 per cent of them said that they ran the household finances and paid the bills, with just 12 per cent leaving this to their partner, reports Scotsman.

More than half of those questioned said that they had always had a savings account, however small, with women currently saving an average of 200 pounds a month each.

A quarter of women also admitted that they secretly saved money, with the majority saying that they did it for emergencies, but others admitted that it was so that they could treat themselves or because their partner was unreliable with money.

Survey showed that a third of women had their own current account and just 20 per cent of the over-40s said that the only account they had was one they shared with their partner.

One in three women admitted that they were quite secretive about money and lie to their partner, but nearly half feel they were the sensible one when it came to finances.

The interviews revealed that just under half of women aged over 40 had paid off their mortgage and 70 per cent had a traditional pension.

But while 60 per cent thought that they had adequate retirement savings, one in five did not have any pension or long-term investments, and 32 per cent said that they were worried about their lack of retirement provisions, but were ignoring the issue. (ANI)

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