It’s a finding that may not come as a surprise for many women — one in three wives look after the household finances as they don’t trust their husbands in financial matters,a new study has found.
And so mistrustful they are of their spouses’ abilities with money that only one in five is willing to take financial advice from them,according to the study conducted by the Good Housekeeping,a New York-based women’s magazine.
Their menfolk are not the only ones women don’t trust,however. Some 90 per cent of those surveyed wouldn’t rely on their bank to help them out of financial trouble either,the Daily Mail reported.
And 87 per cent don’t believe their local politician would be any use. Instead of turning to others,women are much more likely to try to solve their own financial problems,found the study.
Almost a third in the survey said they prefer to use financial websites to get the advice they seek — and only two per cent believe a bank would provide help. Caroline Bloor of Good Housekeeping magazine said: “This is tremendously empowering.
“It puts women in a very strong position when it comes to making life-changing decisions. “Women are fast learners when it comes to personal finance. They do their research,they’re more cautious and they’re not too proud to speak up when they don’t understand financial jargon or need advice.”
It may seem like a reversal of the traditional roles for women to look after the finances — but it’s not the only one.
This week,a separate survey found half of all women think their man is the better cook.