Dr. Annamaria Lusardi, CEE Board Member and Director of the Financial Literacy Center, was quoted in this New York Times story, saying the idea “that women spend more is a myth.”
Lusardi’s 2011 study, “Financial Literacy Around the World: An Overview,” researched countries across the globe, and how men and women measure up, view financial literacy, and which countries have the best understanding of basic personal finance concepts.
Lusardi said women in all the countries studied were less likely than men to correctly answer questions about financial literacy, particularly those that used technical terms. The more sophisticated the question and the more financial jargon that was used, the less likely women were to answer the questions correctly.
Read the full story on the gender gap and financial literacy here.