Why?

Gender insurance gap revealed. Women are more likely to take out home, car and health insurance while men are more likely to opt for life and pet cover,according to research by Australian life insurer TAL. Its research found 41% of men have a life policy, compared to 33% of women. That includes disability, income protection, trauma and life insurance. Both men and women were more likely to insure their home and car than their life and inco...

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Everyday Money

From my favourite economist, "England is the only country in the developed world where the generation approaching retirement is more literate and numerate than the youngest adults, according to the first skills survey by the Organisation for Economic Co-operation and Development.In a stark assessment of the success and failure of the 720-million-strong adult workforce across the wealthier economies, the economic think tank warns that...

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Musings and Amusings

"EVEN if we grade on a very generous curve, many Americans flunk when it comes to financial literacy. Consider this three-item quiz:  • Suppose you had $100 in a savings account and the interest rate was 2 percent a year. After five years, how much do you think you would have if you left the money to grow? More than $102, exactly $102 or less than $102?  • Imagine that the interest rate on your savings account was 1 percent...

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Womenomics

When will this change? "Boys earn, learn more when it comes to cash. The Westpac Kids and Money Report released yesterday morning found boys receive $12.50 per week in pocket money versus $9.80 for girls for 2.4 hours of housework, and the gender divide extended to what work they did. Boys were more likely to take out the rubbish, mow the lawns and clean the car while girls tended to do the dishes, laundry and clean bedrooms." And I wrote about...

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Finance & Investment

Don't think we will be investing this credit union any time soon: "A credit union offering "Loans For Ladies" and encouraging women to go on shopping sprees and have makeovers has sparked fury on social media from the company's target demographic. Customer-owned credit union NZCU Baywide launched a website called Loans For Ladies just over a month ago, encouraging women to borrow any amount from $1000 to $50,000 for "an all-day...

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