Survey: Men Are Better At Managing Money - ABC 33/40 - Birmingham News, Weather, Sports

Survey: Men Are Better At Managing Money

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It's a sexist stereotype -- men are better at managing money than their wives. Now, a survey finds that mindset may still exist to some degree among the wealthiest Americans.

The poll by U-S Trust -- a division of Bank of America -- finds nearly three-quarters of rich men say they are better qualified to make investment decisions than their spouses. Only 18 percent of women said they were better with investing than their husbands.

Researchers also found 73 percent of wealthy men have a greater say in household investments, like retirement funds and stocks. Just 15 percent of upper-class women said they were in charge of family finances.

One pollster said the disparity likely has a lot to do with those old stereotypes, and age. Younger couples were far more likely to share investment decision-making. The survey quizzed 650 investors with at least three-million dollars in assets.

(source: CNN)