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Differences in the Destination of Savings According to Gender, and Its Economic Rights Implications

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  • Florina Guadalupe Arredondo-Trapero

    (School of Humanities and Education, Tecnologico de Monterrey, Monterrey 64849, Mexico
    Shortly after this paper was sent, Florina Guadalupe Arredondo-Trapero passed away. Passed away 22 June 2023.)

  • Eva María Guerra-Leal

    (EGADE Business School, Tecnologico de Monterrey, Monterrey 64849, Mexico)

  • José Carlos Vázquez-Parra

    (Institute for the Future of Education, Tecnologico de Monterrey, Monterrey 64849, Mexico)

Abstract

The main problem this article addresses is that women are more vulnerable than men in economic terms. The aim of this research is to identify the differences in the destination of savings according to gender and its implications related to their economic rights. Chi-Square tests were performed to test for the existence of statistically significant differences in the destination of men’s and women’s savings, based on the National Survey on the Destination of Savings in Mexico (ENIF). The hypothesis to be tested is that there is a gender difference in the way in which the destination of savings is allocated. As a result, it is possible to see that women focus their savings on issues related to health and education at home, in contrast to men, who tend to protect their own economic future by focusing their savings on remodeling or buying real estate or starting or expanding a business. In this sense, the hypothesis is partially verified in 4 of the 8 savings destinations. This article is motivated by the desire to identify this possible economic gap between genders, considering that it is an issue that affects the economic and personal future of women.

Suggested Citation

  • Florina Guadalupe Arredondo-Trapero & Eva María Guerra-Leal & José Carlos Vázquez-Parra, 2023. "Differences in the Destination of Savings According to Gender, and Its Economic Rights Implications," JRFM, MDPI, vol. 16(7), pages 1-18, July.
    • Handle: RePEc:gam:jjrfmx:v:16:y:2023:i:7:p:342-:d:1199534
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    References listed on IDEAS

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    1. Jing Jian Xiao & Nilton Porto & Irene McIvor Mason, 2020. "Financial capability of student loan holders who are college students, graduates, or dropouts," Journal of Consumer Affairs, Wiley Blackwell, vol. 54(4), pages 1383-1401, December.
    2. Kenneth De Beckker & Kristof De Witte & Geert Van Campenhout, 2020. "The role of national culture in financial literacy: Cross‐country evidence," Journal of Consumer Affairs, Wiley Blackwell, vol. 54(3), pages 912-930, September.
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