As the saying goes, “men are from Mars, women are from Venus.” But when it comes to how each gender approaches their finances, the two groups might as well be from different universes.
What are some of the most remarkable differences between the two groups that can greatly affect their financial future? See what a new survey from PNC reveals.
View the full PNC Investments Millennials & Investing Survey »
When it comes to money, male and female millennials have different attitudes, preferences and habits.
Percentage of millennials who own:
Checking, savings, money market or CDs
Individual stocks or bonds
Exchange-traded funds (ETFs)
Seven percent of female millennials embrace risk, compared to 14 percent of male millennials.
Sixty-two percent of female millennials accept risk (even though they may not love it), compared to 60 percent of male millennials.
Thirty percent of female millennials like to avoid risk, compared to 26 percent of male millennials.
Source: PNC Investments Millennials & Investing Survey
Forty-six percent of female millennials contribute 6 or more percent of their income toward retirement, compared to 57 percent of male millennials, the survey found.
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