Women’s wallets are bigger, their wallets are thinner, and they’re also the biggest buyers of cash.
While men have been saving a bit, they’ve still been spending more than women, according to data from the Federal Reserve Bank of Dallas.
The latest numbers from the bank, released Monday, show that women’s wallets accounted for a staggering 77 percent of the money spent on goods and services in the U.S. in 2017, and the vast majority of those purchases were for cash.
But women were also the ones who spent more than men, with women’s cash accounts accounting for about half of all purchases in 2017.
Men’s wallets were smaller than women’s, but the gap was still quite wide.
Women were the biggest shoppers on average when it came to cash purchases.
But men spent much more than they did on other categories of goods, such as furniture, clothing, electronics and other merchandise.
They were also more likely to spend money on cars, electronics, jewelry and other personal items.
Women spent more on the same items when it comes a year later, but men were still the ones most likely to do so.
But the disparity in spending didn’t stop there.
Women still spent more of their overall cash spending on clothing, shoes and other clothing items than men did, and women were even more likely than men to spend more than their male counterparts on jewelry.