Women still 'much poorer' than partners
Published: 10 Feb 13 10:36 CET | Print version
Online: http://www.thelocal.de/money/20130210-47877.html
Women have considerably less in personal assets and savings than their live-in male partners, new statistics showed on Sunday, suggesting that even married women are more likely than their spouses to end up living in poverty in later life.
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The study, conducted by the Berlin-based German Institute for Economic Research (DIW) showed that in 52 percent of heterosexual couples, it was still men who held the purse strings and presided over a larger personal fortune than their lady-folk.
Just 19 percent of couples had an equal amount of money saved up, whereas in 29 percent of cases women had bigger stashes of cash.
And where men were better-off than their female partners, they were much better-off. In such cases, men not only had on average €91,000 more than their partners, but these couples were better off overall, with combined assets worth €245,000.
But where the woman was the richer half of a pair, she typically had just €48,000 more than her partner and the couple had less money altogether, with average combined assets of €156,000.
With divorce rates also rising, the figures suggested women were at a greater risk of falling victim to poverty in old age, wrote the Welt am Sonntag.
"Women in partnerships should place more value on their individual provisions for their old age," DIW statistician Markus Grabka told the paper.
The figures come from a DIW survey conducted in 2007, in which 7,200 German couples were asked about their incomes and personal assets.
DAPD/The Local/jlb
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Your comments about this article:
I've seen it enough times with men I know, who earn a quite decent salary on paper but it all goes to their ex-wives and their children, which, to add insult to injury, they rarely ever get to see again.
This article is just a thinly veiled permuatation of feminist myths that there is an oh so crippling imbalance of powers within relationships. Well, there is, but usually it is the man who becomes crippled, in a divorce. And many men have no choice but to keep their woman happy for fear that they might otherwise be dragged through a costly divorce.
It never ceases ot amaze me how mmany Men suckers are out there just to have a Women allow themself go as low as having their dignity compromised let alone risking their bank balance. I am in control of whom i want as a Women in my life and it will NEVER be a Gold Digger!!!