Differences in the Destination of Savings According to Gender, and Its Economic Rights Implications

The main problem this article addresses is that women are more vulnerable than men in economic terms. The aim of this research is to identify the differences in the destination of savings according to gender and its implications related to their economic rights. Chi-Square tests were performed to te...

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Bibliographic Details
Published in:Journal of risk and financial management 2023-07, Vol.16 (7), p.342
Main Authors: Arredondo-Trapero, Florina Guadalupe, Guerra-Leal, Eva María, Vázquez-Parra, José Carlos
Format: Article
Language:English
Subjects:
Bank accounts
Decision making
Education
Entrepreneurs
Equal rights
Equality
Financial inclusion
Financial literacy
Gender differences
Gender equity
Women
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Summary:The main problem this article addresses is that women are more vulnerable than men in economic terms. The aim of this research is to identify the differences in the destination of savings according to gender and its implications related to their economic rights. Chi-Square tests were performed to test for the existence of statistically significant differences in the destination of men’s and women’s savings, based on the National Survey on the Destination of Savings in Mexico (ENIF). The hypothesis to be tested is that there is a gender difference in the way in which the destination of savings is allocated. As a result, it is possible to see that women focus their savings on issues related to health and education at home, in contrast to men, who tend to protect their own economic future by focusing their savings on remodeling or buying real estate or starting or expanding a business. In this sense, the hypothesis is partially verified in 4 of the 8 savings destinations. This article is motivated by the desire to identify this possible economic gap between genders, considering that it is an issue that affects the economic and personal future of women.
ISSN:1911-8074
1911-8066
1911-8074
DOI:10.3390/jrfm16070342