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Consumer economic sentiment - surprising trend uncovered
12 March 2019
The making of economic decisions by the population in general can be influenced by many factors. One of those factors is financial literacy – confidence. The HILDA Survey, Waves 1 to 16, 2018, shows there is a clear gender divide in financial literacy. It found that a higher proportion of men to women provided correct responses to the five financial literacy questions. Interestingly, the report noted a number of female respondents answered Don’t Know, rather than risk getting an answer wrong.
Add to this Westpac economist Matthew Hassan’s unearthing of a surprising gender trend previously unnoticed in the consumer sentiment index and you can see why the WIRE’s Emma Foster decided to dig a little deeper.