In Bachelor Pad Economics I flat out state that women are worse with money than men. They spend more, they spend more on worthless stuff, and they invest less.
And ohhhh the hell did I catch.
Of course I was expecting this because Bachelor Pad Economics was a book based in truth. And there's no point in time you'll catch more hell than when speaking the truth.
The problem though was that I was going based off of my now-approaching 20 years of researching and studying economics. Not only does this present the problem that I may have recalled some information incorrectly (and women may actually have been the ones better with their money...HAR HAR HAR!!!), but that this fact may have changed in 20 years. And so, being the good economist that I am, I went online to the St. Louis Federal Reserve to look up the savings rate for men and women.
Just one minor problem.
They don't break it down between men and women. Could have swore they did.
This then required that I track down the data that I could have sworn was out there. And as is many things on the internet, whatever data series I once found was now lost to the fates of time.
Thankfully, I found some relatively new data that proved what I believed to be true. Women are indeed worse than men when it comes to savings and preparing for retirement. However, if you're the visual type, here's some nice little charts making the point.
There were other charts they threw in that were irrelevant but purposely made to make women feel better, but the moral of the story is two fold.
1. Women need to save more (which I'm sure most female readers of Cappy Cap already know, and probably are doing much better than the average bear when it comes to finances)
2. For everybody all upset that I dared to say in Bachelor Pad Economics that women had worse finances than men, I'm sorry, it's true. And I'm not sorry in the slightest truth upsets you. I find it refreshing actually.