Women save more than men, says UK survey

Women are putting around double the proportion of their earnings away in savings compared with men, UK research found today.

Female British savers typically have 40% of their gross annual average income, or £8,015, (€9,910) in savings, while UK men have £7,538 (€9,320) or just over a fifth (22%) of their average yearly wage put aside, according to the study of Halifax savings accounts across England and Wales.