{"id":62064,"date":"2018-06-13T07:05:00","date_gmt":"2018-06-13T11:05:00","guid":{"rendered":"http:\/\/hispanicprwire.com\/english-battle-of-the-sexes-how-millennials-financial-attitudes-habits-differ-by-gender\/"},"modified":"2018-06-13T07:06:19","modified_gmt":"2018-06-13T11:06:19","slug":"la-batalla-de-los-sexos-como-las-actitudes-habitos-financieros-difieren-segun-el-genero","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/la-batalla-de-los-sexos-como-las-actitudes-habitos-financieros-difieren-segun-el-genero\/","title":{"rendered":"Battle of the Sexes: How Millennials&#8217; Financial Attitudes, Habits Differ by Gender"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbls{\nBORDER-LEFT:black 1pt solid\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">PITTSBURGH<\/span>, <span class=\"xn-chron\">June 13, 2018<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0As the saying goes, &#8220;men are from Mars, women are from Venus.&#8221; But when it comes to how each sex approaches their finances, the two groups might as well be from different universes, according to findings from the recent PNC Investments Millennials &amp; Investing Survey.<\/p>\n<div id=\"prni_dvprnejpgd4aaleft\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpgd4aaleft\" title=\"Battle of the Sexes: How Millennials\u2019 Financial Attitudes, Habits Differ By Gender\" border=\"0\" alt=\"Battle of the Sexes: How Millennials\u2019 Financial Attitudes, Habits Differ By Gender\" align=\"middle\" src=\"https:\/\/mma.prnewswire.com\/media\/703353\/PNC_Millennial_Survey_Infographic.jpg \"\/><\/div>\n<p>Compared to their male counterparts, female millennials generally report being much more risk-averse, skeptical of alternative investments \u2013 including cryptocurrencies and peer-to-peer lending \u2013 and have, on average, only saved about two-thirds as much money for retirement as their male peers. <\/p>\n<p>When comparing how millennials invest, the study finds men have greater appetites for higher-risk investing avenues. Fourteen percent of millennial men report that they &#8220;embrace&#8221; risk \u2013 double the number of female millennials reporting similar sentiment.<\/p>\n<p>&#8220;One of the foundational aspects of any financial plan is to determine your overall risk tolerance, and for members of the younger generation, risk can be healthy,&#8221; said <span class=\"xn-person\">Rich Ramassini<\/span>, CFP, senior vice president and director of strategy and sales performance for PNC Investments. &#8220;People&#8217;s appetite for risk is often not on par with how much risk they can actually handle. Increasing your financial knowledge can help you determine whether you are taking on the right amount of risk.&#8221; <\/p>\n<p>Though parents of female millennials started educating their daughters about saving earlier than parents of male millennials (age 11.6 for females vs. 12.7 for males), more female millennials than male millennials admit they are not as confident in their financial management skills.<\/p>\n<p>According to PNC&#8217;s study, male millennials are more likely to rely on themselves and knowledge they attain through media and internet sources. In fact, male millennials are twice as likely as their female cohorts to consume content from recognized national media outlets. <\/p>\n<p><b>Millennials&#8217; retirement savings habits<\/b><\/p>\n<p>Forty-six percent of female millennials contribute 6 or more percent of their income toward retirement, compared to 57 percent of male millennials, the survey found.<\/p>\n<p>&#8220;Millennials now represent the largest portion of the workforce in the country, and most members of the generation have decades to go before they retire. Because millennials have time on their side, they should make investing for retirement a priority early on in their career,&#8221; Ramassini said. &#8220;One of the best ways to stay ahead of inflation and help set yourself up for a successful retirement is to invest your money in a diversified portfolio designed to achieve long-term goals.&#8221;<\/p>\n<p>To that point, the survey also explores the amount each group has in investable assets. Among respondents, 29 percent of female millennials report having between <span class=\"xn-money\">$1,000<\/span> &#8211; <span class=\"xn-money\">$9,999<\/span> in investable assets, compared to 17 percent of men. At the same time, 46 percent of male millennials report having <span class=\"xn-money\">$50,000<\/span> or more in investable assets, whereas only 32 percent of female millennials report the same.<\/p>\n<p>However, only 28 percent of millennials report having a solid understanding of how to successfully invest their money.<\/p>\n<p><b>Millennials&#8217; employment rates and confidence levels<\/b><\/p>\n<p>Approximately eight out of 10 millennials say they have full-time jobs (83 percent of men and 78 percent of women). Though the demographic has a high rate of employment, a relatively small percentage of respondents from both sexes agree they feel in control of their financial well-being (32 percent of women compared with 43 percent of men), and even fewer are confident they&#8217;re saving enough for the future (26 percent of women compared with 40 percent of men). <\/p>\n<p>&#8220;It&#8217;s critical that both female and male millennials take actionable steps \u2013 including making concerted efforts to save for retirement, participating in the markets and building a solid emergency fund \u2013 to ensure their future is not in jeopardy,&#8221; Ramassini said. &#8220;Given the findings of this survey, we encourage millennials to seek assistance from qualified financial advisors who can help make sure they are on the path to securing a strong financial future.&#8221;<\/p>\n<p>PNC Investments LLC is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in <span class=\"xn-location\">the United States<\/span>, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit <a target=\"_blank\" href=\"http:\/\/www.pnc.com\/\" rel=\"nofollow\">www.pnc.com<\/a>. <\/p>\n<p><b>Survey Methodology<br \/><\/b>The\u00a0Millennials &amp; Investing Survey\u00a0was commissioned by PNC Investments to identify attitudes and behaviors of millennials. The study was conducted online between <span class=\"xn-chron\">Jan. 16-25, 2018<\/span> among a cross section of millennials age 21 to 35 with self-reported investable assets of <span class=\"xn-money\">$5,000<\/span> or more or those who have a qualified retirement plan (401(k), 403(b)) and at least <span class=\"xn-money\">$1,000<\/span> in investable assets. Survey results are balanced in accordance of the US Census population distribution for age and gender to ensure representativeness. No weighting was required.<\/p>\n<p>The survey was designed by <span class=\"xn-person\">Chadwick Martin Bailey<\/span>, a market research firm specializing in custom research. <\/p>\n<p>This report has been prepared for general informational purposes only and is not intended as specific advice or recommendations. Information has been gathered from third party sources and has not been independently verified or accepted by The PNC Financial Services Group, Inc. PNC makes no representations or warranties as to the accuracy or completeness of the information, assumptions, analyses or conclusions presented in the report. PNC cannot be held responsible for any errors or misrepresentations contained in the report or in the information gathered from third party sources. Any reliance upon the information provided in the report is solely and exclusively at your own risk. <\/p>\n<p><b><u>Important Investor Information<\/u><\/b>:<b> Brokerage and insurance products are: <\/b><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prnsbts prnrbrs prnvab prnsbbs prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Not FDIC Insured \u25cf Not Bank Guaranteed \u25cf Not A Deposit\u25cf Not Insured By Any Federal Government Agency \u25cf May Lose Value<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Securities products, brokerage services and managed account advisory services are offered by PNC Investments LLC, a registered broker-dealer and a registered investment adviser and member FINRA and SIPC.\u00a0Annuities and other insurance products are offered through PNC Insurance Services, LLC, a licensed insurance agency.<\/p>\n<p><b>CONTACT:<\/b> <br \/><span class=\"xn-person\">Saul Boscan<\/span><br \/>(312-384-4639)<br \/><a target=\"_blank\" href=\"mailto:saul.boscan@pnc.com\" rel=\"nofollow\">saul.boscan@pnc.com<\/a><\/p>\n<p>Photo &#8211; <a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/703353\/PNC_Millennial_Survey_Infographic.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/703353\/PNC_Millennial_Survey_Infographic.jpg<\/a> <\/p>\n<p>SOURCE  PNC Investments<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">PITTSBURGH<\/span>, <span class=\"xn-chron\">June 13, 2018<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0As the saying goes, &#8220;men are from Mars, women are from Venus.&#8221; But when it comes to how each sex approaches their finances, the two groups might as well be from different universes, according to findings from the recent PNC Investments Millennials &amp; Investing Survey.<\/p>\n<div id=\"prni_dvprnejpgd4aaleft\" dir=\"ltr\">&lt;img id=&quot;prnejpgd4aaleft&quot; title=&quot;Battle of the Sexes: How Millennials\u2019 Financial&#8230;<\/p>\n","protected":false},"author":1,"featured_media":62065,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-62064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/62064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=62064"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/62064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/62065"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=62064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=62064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=62064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}