National Bank of Canada

National Bank of Canada

November 14, 2011 15:42 ET

Women Seem to Have a More Difficult Relationship With Money Than Men - CROP(i) survey: The reflection of Quebecers' financial position

MONTREAL, QUEBEC--(Marketwire - Nov. 14, 2011) - The latest findings of the* survey conducted by the polling firm CROP on budget: habits and knowledge among Quebecers show that in Quebec, women have a more difficult relationship with money than men do, and this is apparent on multiple levels. But is this a reflection of reality or perception?

First of all, women perceive themselves as less competent than men when it comes to managing their finances. For example, more women consider it a "difficult" task (46% of women state that they find this task difficult vs. 29% of men). Secondly, more women than men think that they don't have the necessary skills to manage their money well (26% of women vs. 15% of men).

This lack of self-confidence is often reflected by a greater need for outside advice. In fact, more women base their decisions on the advice of a financial advisor (62% of women vs. 56% of men).

Furthermore, when it comes to how they manage their money on a daily basis, more women state that they spend more than they earn (30% of women vs. 19% of men). Also, more women live from paycheque to paycheque. In fact, two out of five women (42%) state that they would not be able to take care of their financial obligations for more than 30 days if they were to lose their job (vs. 26% of men).

These results raise the following question: do women really have a less secure relationship with money or are they simply more realistic than men when it comes to their personal and familial financial situation?

To find out more about Quebecers' opinion on budget: habits and knowledge among Quebecers, view the poll at

*Methodology: Data collection took place online through web panel in December. A total of 1,814 Quebecers participated in this study. The results were then weighted to reflect the Quebec population. Given the non-probability sample line, the calculation of the margin of error does not apply.

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  • Joan Beauchamp
    Senior Advisor - Public Relations
    National Bank