Who pays? With money matters, traditional gender roles stick.
Women continue to grow stronger and stronger financially, but men are generally still expected to pay for everything from first dates to monthly bills, according to a new study. The findings coincide with studies that show a strong gender gap in financial literacy in the US.
Women continue to grow stronger and stronger financially, but men are generally still expected to pay for everything from first dates to monthly bills, according to a new study. The findings coincide with studies that show a strong gender gap in financial literacy in the US.
Despite women鈥檚 rising financial strength, a NerdWallet study finds, men are still expected to pay for everything from first dates to monthly bills.
The NerdWallet study asked more than 1,000 people across the United States who have been living with their partners for at least six months a range of questions regarding attitudes and responsibilities about cash.
See our infographic with key findings听here.
Key Findings
- Despite changing times, old dating customs die hard: 77.4% of people in a relationship believe men should pay the bill on a first date. This sentiment is true for both genders, although men are more likely to believe they should pick up the first-date check.
- Gender roles remain strong for paying household bills: 35.9% of men surveyed pay 100% of household bills compared to 14.3% of women. Slightly more than one-third of men and women surveyed split household bills.
- More than one-third of men and women in a relationship have hidden cash from their significant other.
- More than one in four people in a relationship secretly spend money without telling their partner.
- The No. 1 joint savings goal for people in a relationship is an emergency fund (36%).
- However, nearly one in five respondents said they and their partner have no savings goal 鈥� the second most common response.
鈥淭he findings show how resilient traditional gender roles are when it comes to who pays for evenings out and household bills,鈥� says Shiyan Koh, vice president of personal finance at NerdWallet. 鈥淚t suggests that while women are greater economic force in the economy and at home, financial decision making is still a male pursuit.
鈥淥ur results fall in line with many studies that show a strong gender gap in financial literacy in the nation, with men much more likely to run U.S. household finances than women.鈥�
The number of people in relationship 鈥� both men and women 鈥� who hide cash and purchases from their partners also is alarming.
鈥淢oney matters are a top reason why relationships fall apart,鈥� Koh notes.听A 2013 study of 4,500 couples听by Kansas State University researchers found arguments about money were the top predictor of whether a marriage fails.
鈥淲hile it鈥檚 good that the vast majority of respondents consult partners on major purchases, full transparency is key for both the financial health and longevity for any relationship.鈥�
While the No. 1 savings goal for both men and women is building an emergency fund 鈥� an important first step in building a sound financial future 鈥� nearly 20% of respondents have no savings goals.
鈥淕oal setting and savings should be a critical function of budgeting for anyone in a romantic and financial partnership,鈥� Koh says.
The NerdWallet study surveyed Americans living with their partners 鈥� regardless of whether they are married 鈥� as more couples young and old live together without tying the knot. Nearly half of women ages 15 to 44 are cohabitating before marriage, compared to 34% in 1995,听according to the National Center for Health Statistics.
Discussion and Analysis
Dating 鈥� Men Pay
The vast majority of respondents 鈥� 77.4% of 1,004 people surveyed across the country who are in a relationship 鈥� believe men should pay the bill on a first date. About 19% felt the bill should be split in some way. Only 3.7% said men should not pay the bill.
Although this sentiment is true for both genders, men are more likely to believe they should pick up the first date check: 82.4% of men said they should, compared to 72.5% of women.
Once the relationship takes off, gender roles remain strong when it comes to Date Night: 59% of women say their significant other pays for evenings out; 56.1% of men say they pick up the tab. Roughly 40% of both men and women surveyed say they take turns or split the costs of going out.
In general, do you think men should pay for the bill on the first date?
Yes, |
The bill should be |
Men should not pay |
|
Total percent |
77.4% |
18.9% |
3.7% |
Percent of women |
72.5% |
24% |
3.6% |
Percent of men |
82.4% |
13.8% |
3.8% |
Source: NerdWallet
Who pays for most of the dates?
We usually split the cost/ |
My significant |
I pay |
|
Total percent |
40.6%% |
31.5% |
27.9% |
Percent of women |
41.0% |
59.0% |
0.0% |
Percent of men |
40.3% |
3.6% |
56.1% |
Source: NerdWallet
Paying the Bills
Slightly more than one-third of men and women surveyed split household bills. But like with 鈥渇irst dates,鈥� traditional gender roles remain strong: 35.9% of men surveyed pay 100% of household bills compared to 14.3% of women; 21.8% of women surveyed said they pay none of the household bills, compared to 3% of men.
What percentage of the household bills do you pay yourself?
100% |
75% |
50% |
25% |
0% |
|
Total percent |
25.0% |
14.7% |
34.3% |
13.5% |
12.5% |
Percent of women |
14.3% |
7.1% |
36.2% |
20.6% |
21.8% |
Percent of men |
35.9% |
22.4% |
32.3% |
6.4% |
3.0% |
Source: NerdWallet
Trust and Cash
More than one-third (36.7%) have hidden cash from their significant others and more than one in four people in a relationship secretly spend money without telling their significant others. Both statistics hold true for men and women.
Still, the majority of people say they don鈥檛 make a major purchase without talking to their partner first (88.3%).
Have you ever hidden money from your significant other?
Yes |
No |
|
Total percent |
36.7% |
63.6% |
Percent of women |
38.8% |
61.2% |
Percent of men |
34.5% |
65.5% |
Do you secretly spend money without telling your significant other?
Yes |
No |
|
Total percent |
27.5% |
72.5% |
Percent of women |
29.5% |
70.5% |
Percent of men |
25.5% |
74.5% |
Source: NerdWallet
Do you check with your partner before spending a lot of cash or making a major purchase?
Yes |
No |
|
Total percent |
86.3% |
13.7% |
Percent of women |
88.3% |
11.7% |
Percent of men |
84.2% |
15.8% |
Source: NerdWallet
Saving for the Future
More than half surveyed (57.4%) have joint bank accounts; 16.2% had both joint and separate accounts, while 26.4% kept separate accounts. Those percentages remain relatively constant when broken down by gender.
Men and women also are largely in agreement on savings goals 鈥� or lack thereof. Building an emergency fund is the No. 1 goal of joint savings (36%). Unfortunately, nearly one in five don鈥檛 have a savings goal with their partners (18.4%). The third biggest goal for joint savings is vacation (14.2%) and a home mortgage (12.2%). Only 10% of respondents list retirement as a joint savings goal.
Do you and your significant other share a bank account?
We have a |
We have |
We have joint |
|
Total percent |
57.4% |
26.4% |
16.2% |
Percent of women |
60.3% |
24.2% |
15.2% |
Percent of men |
54.1% |
28.7% |
17.2% |
Source: NerdWallet
As a couple, what鈥檚 your number one savings goal?
Emergency fund |
We don鈥檛 have any savings goals |
Vacation fund |
Home mortgage |
Retirement |
Education fund |
|
Total percent |
36.0% |
18.4% |
14.2% |
12.2% |
10.9% |
2.8% |
Source: NerdWallet
Methodology
Survata collected data from 1,004 respondents in all 50 states and the District of Columbia. Respondents were 505 women and 499 men between the ages of 18 and 64 who are in a relationship and have been cohabitating for at least six months. The online survey was performed between May 27 and June 12, 2014.听