News

Sexes differ when it comes to ATMs and cash, study shows

August 22, 2006

NORTH YORKSHIRE, England — Men and women in the United Kingdon have very different attitudes when it comes to accessing and carrying cash. According to a You Gov survey commissioned by the Link Interchange Network Ltd., of 2,300 people, men are twice as likely to withdraw more than £100 (U.S. $127) from an ATM at least once a week.

Men also carry more cash, with 52 percent of them carrying more than £20 (U.S. $25), compared to only 37 percent of women.

Security is the primary reason women gave for not carrying a lot of cash. Of the 5 percent who do carry between £50 (U.S. $63) and £100 (U.S. $127), they do so to avoid regular trips to the ATM, says the You Gov survey.

But when it comes to over-spending or running out of cash, 20 percent of both men and women say they could visit a cash machine more than three times in one evening; 33 percent say they borrow money from friends.

In addition, 12 percent of the men surveyed said they were sometimes too drunk to remember using the ATM, only becoming aware of the transaction when they read their statements the next day. Only 4 percent of women made the same admission.