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To support the subject that men spend more money than women, Amy Livingstons article Men, Women & Money How the Sexes Differ with Their Finances provides comparative gender-related research. Its main focus is divided between spending, saving, investment, and attitude to borrowing. The binary examples that the article delivers help to develop sufficient ground for proving the thesis of the research paper.
The article starts by centering attention on the difference between men and women in their spending habits. The difference is apparent in five aspects of major categories for purchase: total spending, food, clothing, cars, and entertainment. By illustrating the differences in the behavior of men and women, the article allows viewing the facts against the general background. Besides, direct figures provide the source for immediate comparison and take cost-consciousness into account.
The next paragraph focuses on saving habits of men and women, commenting on the spending-saving dynamics that the outcome depends on. Saving is strongly related to gender-based psychological mechanisms that require personal judgment. The importance of psychological duality is extended in the articles take on investment procedures. Men and women tend to invest under the influence of completely different factors. These factors often elicit an emotional response from women and a logical approach from men.
However, in terms of financial expectations and financial fears described in the article, men and women tend to have similarities with only a subtle amount of differences. For example, the article states that with similar financial goals in mind, men and women differ considerably in their approach to the amount of money invested in securing their goals. The figures provided for men are almost twice the amount of figures provided for women, which tends to support the general idea that men spend more than women.
The article is concluded by acknowledging both the differences and similarities in the gender approach to finance. The sources cited in the article help to illustrate the particular social and psychological mechanisms for men and women. As a result, the fact that men tend to spend more money than women becomes apparent.
Work Cited
Livingston, Amy. Money Management: Men, Women & Money, How the Sexes Differ with Their Finances. Money Crashers, 2020. Web.
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