Finance Choices
Men spend more on credit cards over summer
The summer months are a busy time for male credit card holders, with men expected to spend over £200 more than women.
Holidays and travel expenses are the main reasons men are set to outplastic their female counterparts, according to a new survey by Morgan Stanley credit cards.
Summertime will see the gap between male and female card use almost double from 19 per cent to 37 per cent the credit card firm reveals today.
While British males put an average of £269 each on their cards by taking their loved ones away, women are set to spend over £100 less. Female spending in the next three months will instead be focused on clothes, beauty products and on essentials bought from supermarkets.
"Men are the ones spending on this year's summer holiday. Women, on the other hand, continue to use their credit card for everyday expenditure gaining rewards for buying grocery items and clothes,? commented Patrick Muir, marketing director, Morgan Stanley Consumer Banking.
"These results show that across the board, people are comfortable using their credit cards for both everyday and luxury purchases, often making the most of cash back schemes and being rewarded for the things they buy anyway."
Overall, summertime will see our plastic more busy, with national predicted spend increasing by almost five per cent over the next three months.
However, in tune with the image of a more conservative Britain, while spending is up over the summer the nation intends to spend 12 per cent less in summer 2005 than it did last year.
Men are set to splash a total £961 on their credit cards in the next three months, while women will spend a more restrained £700 each, Morgan Stanley reveals.
Holidays and travel expenses are the main reasons men are set to outplastic their female counterparts, according to a new survey by Morgan Stanley credit cards.
Summertime will see the gap between male and female card use almost double from 19 per cent to 37 per cent the credit card firm reveals today.
While British males put an average of £269 each on their cards by taking their loved ones away, women are set to spend over £100 less. Female spending in the next three months will instead be focused on clothes, beauty products and on essentials bought from supermarkets.
"Men are the ones spending on this year's summer holiday. Women, on the other hand, continue to use their credit card for everyday expenditure gaining rewards for buying grocery items and clothes,? commented Patrick Muir, marketing director, Morgan Stanley Consumer Banking.
"These results show that across the board, people are comfortable using their credit cards for both everyday and luxury purchases, often making the most of cash back schemes and being rewarded for the things they buy anyway."
Overall, summertime will see our plastic more busy, with national predicted spend increasing by almost five per cent over the next three months.
However, in tune with the image of a more conservative Britain, while spending is up over the summer the nation intends to spend 12 per cent less in summer 2005 than it did last year.
Men are set to splash a total £961 on their credit cards in the next three months, while women will spend a more restrained £700 each, Morgan Stanley reveals.
posted by Bruce Wayne at 2:06 PM
Men spend more on credit cards over summer
1 Comments:
Hmmm... can't say I find this surprising. When we go on (summer) vacation, I pay the hotel/airline/dining bills.
Most of the other times of the year, it's the wife getting clothes for the kid, herself and me. Then there's the holidays, when the wife does 90% of the gift purchases for our families, and my 10% doesn't make a dent in that.
Good question though if there are any *other* seasonal variations on male/female spending habits... say associated with sports, hobbies, or cultural norms.
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