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Women better savers than men

New statistics released by the Government Pension Fund confirm that Thai women are better savers than Thai men.

Published on February 16, 2008

On average 74 per cent of Thai women regularly save compared to 65 per cent of Thai men. However, men prefer to take more risks and opt for investment in property, stocks and options. Women, on the other hand enjoy the safety of a life insurance policy with annuity, the Government Savings Bank lottery and gold jewellery.

Despite rising inflation and its low yield, the most popular investment product is savings accounts, with half of the 2,961 surveyed saying that is their preference.

Education for their children and themselves is what most motivates Thais to save, followed closely by retirement planning. There is also a cultural paradigm shift under way among Thai savers in that they no longer want to depend on their children when they retire, preferring to be financially independent.

Most admitted that they found it difficult to save because of their current financial obligations.

The Nation

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Women better savers than men

New statistics released by the Government Pension Fund confirm that Thai women are better savers than Thai men.

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