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Men prefer football to finance

By Marcie Geffner · Bankrate.com
Sunday, November 6, 2011
Posted: 11 am ET

Fifty-eight percent of U.S. men spend more time each week watching sports than they spend working on their personal finances, including their investments, according to a new national survey of 500 men conducted by TNS on behalf of ING Direct, an online bank, and Men's Health magazine.

However, there's still room for finances. ING Direct CEO Arkadi Kuhlmann said in a statement that a surprisingly large number of men surveyed were saving for retirement, paying off mortgages and watching their finances -- activities that happened less frequently five years ago.

"Being financially fit and responsible is something all consumers should strive for, and these findings prove that people see the value in being in control of their money and future," Kuhlmann said.

Other findings:

  • 69 percent of men said they had more than six months' living expenses in an emergency fund.
  • 31 percent had less than six months' expenses in liquid savings.
  • 56 percent of men who owned a home said they were current on their payments and had some equity.
  • 35 percent who owned a home said they had no mortgage and owned it outright.
  • 51 percent of men said they always or usually paid their monthly credit card balances in full.
  • 44 percent said they had a net worth of at least $100,000.
  • 40 percent said they spend less than $49 each week on drinks, dining out, playing pool and similar activities.
  • 11 percent said they spend $100 to $199 each week on such entertainments.

The survey was taken by telephone and online March 30 through April 3, 2011.

No word yet on the responses of the 500 women who were also surveyed.

Follow me on Twitter: @marciegeff

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3 Comments
Wolverine
November 07, 2011 at 9:00 am

Sensationalist title.

And yet, the rest of the article proves that men are doing well financially.

Not only that, but stated: 69% have more than 6 months in an emergency fund.

Followed by: 31%, don't.

REALLY?

Come on. Someone's obviously bitter and just placing extra bullets for filler.

Tim
November 07, 2011 at 8:31 am

Ok...so you're presenting a lot of positive facts about men and their financial habits. Surprisingly positive given the current economic climate. Yet you make the headline "Men prefer football to finance"? Do you just hate men, and try to get other people to hate men, even though you present hard facts that prove men's responsibility?

Lightrider
November 07, 2011 at 12:23 am

More than 6 months emer. fund?? Find that one a bit hard to swallow.