Gender Differences in Savings. Case Study

Some basic financial topics such as savings and investment are important and required for a financially educated society. Therefore, the purpose of this study is to identify some characteristics that explain the savings habit of college students, as well as finding if this habit differs in relation to gender. For that purpose 60 students from the Universidad Popular Autónoma of Veracruz were surveyed and for data analysis, the statistical techniques used were Z scores to test population proportion and ANOVA to determine if there are differences by gender between the means. The main findings point to students having a savings habit, even though the amounts are minimal (< than $3,000.00 MXN ($160.00 USD) per month) and regarding gender differences, it was only proven that there is a difference in the variable INCOME, but not in the other three (Food Expenses, Mortgage Expenses and Savings).