I Will Teach You To Be Rich gender + finance survey responses

©2007. Facilitas, Inc. All Rights Reserved.

Survey Results: Gender and Finance

• 1,167 respondents were surveyed from http://www.iwillteachyoutoberich.com for their attitudes on gender and finance

• I Will Teach You To Be Rich is a blog on personal finance and entrepreneurship for college students, recent college grads, and everyone else.


Gender

64%

36%

Male Female

“I am a…”

Base: 1,167 respondentsSource: Aug. 24, 2007 survey posted on www.iwillteachyoutoberich.com


Age

0 10 20 30 40 50

Under 18

18-24

25-31

32-38

39-45

46-52

53-59

60+A

ge

Percent


4%

7%

15%

44%

29%

1%

“My age is…”


0 5 10 15 20

Below $20,000 USD/year

$20,000-$30,000/year

$30,000-$40,000/year

$40,000-$50,000/year

$50,000-$60,000/year

$60,000-$70,000/year

$70,000-$80,000/year

$80,000-$90,000/year

$100,000+/year

Inco

me

(US

D)

Percent

Personal income


16%

5%

8%

12%

12%

“My personal income level is…”

11%

12%

9%

16%


0 5 10 15 20

below $20,000 USD/year

$20,000-$35,000/year

$35,000-$50,000/year

$50,000-$65,000/year

$65,000-$80,000/year

$80,000-$95,000/year

$95,000-$110,000/year

$110,000-$125,000/year

$125,000-$140,000/year

$140,000+/year

Inco

me

(US

D)

Percent

Household income


16%

4%

8%

8%

12%

“My household income level is…”

14%

14%

8%

6%

7%


0 10 20 30 40 50

Some high school

High school diploma or GED

Some college

Associate's degree

Trade school degree

Bachelor's degree

Some graduate school

Master's degree

PhD

Professional degree

Hig

hes

t le

vel

of

edu

cati

on

Percent

Education level


4%

2%

9%

46%

1%

“My highest education level is…”

3%

13%

4%

1%

17%


0 10 20 30 40 50

I have no debt

Other debt

A personal loan

A car loan

Consumer debt

A mortgage

Student loans

Typ

e o

f d

ebt

Percent

Q1

Base: 1,171 respondentsMultiple responses accepted

Source: Aug. 24, 2007 survey posted on www.iwillteachyoutoberich.com

25%

6%

7%

28%

33%

“I have the following types of debt”

41%

28%


Q2

64%9%

27%

TRUE

FALSE

I share financial responsibility with another.

“I am in charge of the finances for my household.”



Q3

24%

53%

23%

TRUE FALSE I don't budget

“I have problems maintaining a budget.”



Q4

24%

39%

37%

Always Sometimes Never

“I negotiate my salary.”



0 10 20 30 40 50

Social life

Other

Family

Careerdevelopment

Personaldevelopment

Pri

ori

ties

Percent

Q5


5%

3%

26%

“My main priority is…”

39%

27%


0 10 20 30 40 50 60 70

Transport

Fashion

Other

Housing

Gifts

Household items

Travel

Drinking/Entertainment

Electronics

Food

Ind

ulg

ence

s

Percent

Q6



63%

9%

9%

12%

15%

“My indulgences tend to be…”

40%

37%

42%

7%

6%


0 10 20 30 40 50 60

Excellent

Good

OK

Not well

Poorly

I rarely or never handle financialmatters

Ho

w w

ell

at h

and

lin

g

fin

anci

al m

atte

rs

Percent

Q7


<1%

2%

7%

“How do you think you handle financial matters?”

25%

50%

17%


Q8

25%

75%

Yes No

“Do you ever ignorefinancially unpleasant information?”



0 5 10 15 20 25 30

Overwhelmed

In a little too much

It doesn't worryme

I only have "good"debt

I have no debt

Fee

lin

gs

tow

ard

s d

ebt

Percent

Q9


25%

22%

26%

“How do you feel about your debt?”

23%

4%


0 10 20 30 40 50 60

Depression

Indifference

Exhilaration

Confusion

Apprehension

Anxiety

Confidence

Fee

lin

gs

tow

ard

s m

on

ey

and

fi

nan

cial

mat

ters

Percent

Q10



9%

4%

53%

“What are your feelings towards money and finances?”

10%

19%

23%

6%


Q11

14%

67%

19%

Yes. No. It depends.

“Would you prefer to have a significant other to provide for you?”



Q12

10%

31%

29%

30%

Time. Money Both. Neither.

“Do you donate to charity?”



0 20 40 60 80 100

Shopping

Ethics

Net worth updates

Success stories

Entrepreneurship

Money mistakes

Frugality

Savings

Investing

To

pic

pre

fere

nce

s

Percent

Q13



78%

22%

44%

47%

53%

“I prefer the following personal finance topics”

58%

72%

20%

14%


0 5 10 15 20 25 30 35

A work relation

Another relative

A significant other

A friend

A professional PF writer

A personal finance blogger

other

My mother

My father

Fin

ance

in

flu

ence

Percent

Q14



30%

5%

6%

6%

11%

“My biggest finance influence was …”

14%

22%

4%

2%


0 20 40 60 80 100

Other

A Financial Advisor

Finance periodicals

Finance newspapers

Finance books

Regular newspapers

Conversations with peers

Finance websites

Finance blogs

Fin

ance

med

ium

s

Percent

Q15



78%

16%

18%

30%

34%

“I keep up with financial topics through the following mediums”

41%

51%

8%

5%


0 20 40 60 80 100

Charity or gifts

Providing for a relative

My business

Material goods

Education for my dependents

Education for myself

Real Estate

Travel

Retirement

Fin

anci

al p

rio

riti

es

Percent

Q16



77%

20%

20%

22%

24%

“What are your financial priorities?”

37%

40%

16%

10%


Q17

17%

33%

23%

14%

13%

Very true True OK Unsure False

“I feel confident in my current level of retirement planning”



0 20 40 60 80 100

Relatives

My business

A pension

Real Estate

Social Security

Working

Investments

A 401(k) or equivalent self-funded retirement account

Ret

irem

ent

reso

urc

es

Percent

Q18



78%

14%

14%

17%

25%

“I am relying on the following for my retirement:”

38%

61%

3%


Q19

63%

36%

1%

Less Equivalent More

“I believe the pay of women compared to men doing equal work is...”



Q20

70%

30%

Yes No

“Do you feel that women are expected to buy clothes, purses, makeup, etc.?”



Q21

29%

71%

Yes No

“Do you feel that women are discouraged from talking about money?



Q22

52%48%

Yes No

“Do you feel that women have a harder time saying no than men?



Q23

20%

23%57%

Women. Men. They worry equally.

“Do you feel that men or women worry more about money issues.”



• Read more at http://www.iwillteachyoutoberich.com

I Will Teach You To Be Rich gender + finance survey responses

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