Study finds notable differences in credit characteristics of men and women

June 9, 2013 by admin

A recent study comparing financial differences between men and women found that, overall, women are better at managing money and debt. Differences between the two populations include:

  • Men have 4.3 percent more debt than women
  • Men have a 2 percent higher credit utilization amount
  • Mortgage loan amounts for men are 4.9 percent higher
  • Men have a higher incidence of late mortgage payments by 7 percent

Read more details from the analysis — including an infographic and statistics by city and state.

Source: Women Flexing Their Financial Muscles; Women’s Credit is in Better Shape Than Men’s Credit

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