Sorry, the title is only partially true, but I thought it would be eye-catching and draw people in
I read an article on smh.com.au which said the following:
http://www.smh.com.au/money/saving/m...202-1o9wi.htmlWomen, young people, blue-collar workers, low-income earners and people with no formal post-secondary education had the lowest levels of financial literacy.
Just wondering what people's views are on this? I'm not talking about the women here, because obviously if you're on this forum then you've obviously got an interest in finance and would have learned at least a little bit more than the average person.
But I look at some of the women around in my life and I must say, all they know how to do is spend, spend, spend. I hung out with a female friend the other day and she had to get something from a chick store for her work xmas party, and I was pretty amazed - the store was jam packed with women browsing/buying sparkly little things which really had no legitimate use - basically everything was just some sort of decoration or accessory for clothes.
Maybe it's just cause I'm a guy, but I really only buy things I need and which have a legitimate use. Sure, I found some things in the store interesting and unique, but there was no way I was going to open up my wallet for it.
If we ever go into a recession, it'll be the women who get us out of it!