Young Women Are Learning More About Money Than Men

Debt.com reports on the differences between men and women’s financial knowledge frequently. For the first time in months, a study says women beat men in a financial literacy quiz.

Thirty-three percent of millennial women correctly match financial terms compared to 24 percent of men their age, according to research firm Market Strategies International. But fewer women thought they knew more than men.

“Men typically have higher confidence in their knowledge in general. It’s unsurprising that double the percentage of millennial men than women reported they ‘completely understand,’” says Market Strategies manager Christopher Barnes. “What is interesting, however, is that when asked to demonstrate that knowledge, millennial women perform better.”

Women understand money more than they say

When asked if they completely understood financial and insurance-related terms, only 14 percent of millennial women said they did. But more than two times that amount correctly identifies the terms. Meanwhile, 34 percent of men thought they had the answers. But in reality, much less came through.

Debt.com has previously reported that young women lack confidence in financial decisions. Most young, married women said they left the financial decision making to their husbands because they feel they know more.

Fifty-six percent said so, while 80 percent of women end up in a situation where they…