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Saving between the sexes: women keep up with men despite earning less

  • Women have 7 per cent less disposable income than men
  • On average, both men and women save 2.5 per cent of their salary each year
  • Men claim buying clothes is a necessity; women think paying bills is more important

Despite taking home seven per cent less salary than their male counterparts, women in the UK are putting the same percentage of their income away each year as men, Scottish Friendly has revealed today. According to the ISA provider’s Disposable Income Index, both men and women save, on average, 2.5 per cent of their annual salary over the course of the year, highlighting no difference in their savings intentions.

On average, women are left with just £140 disposable income each month after the essentials (mortgage, rent, utilities, car) are paid for, compared to £155 for men. Despite this disparity, women remain as determined to put money aside each month. The findings come from the third instalment of Scottish Friendly’s Disposable Income Index, which examines levels of take home pay and people’s attitudes to spending.


Calum Bennie, communications manager at Scottish Friendly, comments:

“There is a larger debate here about why there is such a gender divide in salaries, but to me, the most interesting part is the fact that women, despite this gap, are saving proportionately as much as men. This research highlights the pressure women are under to make their money work for them.”


When it comes to spending their disposable income, there is a clear divide between the sexes on what is considered a luxury and what is considered a necessity and, arguably, women have come out as the most pragmatic. More men than women believe that eating out, morning coffee, holidays, socialising and buying new clothes are necessities. Conversely, more women than men believe that paying the rent, keeping a mobile phone and paying for petrol are necessities. A staggering 94% of women said that they considered paying bills on time a necessity, compared to just 89% of men.

Scottish Friendly was the first investment ISA provider to outline its New ISA (NISA). The friendly society allows savers to invest from as little as £10 per month. To find out more visit,

The value of investments can go down as well as up and you may not get back the original amount invested.

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