/PRNewswire/ The CFP Board Center for Financial Planning ("Center") announced today the recipients of the 2022 Best Papers, Early Career, Legacy and Best.
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COLUMBUS, Ohio - Men were more likely to be the spouse with the most knowledge of a couple s finances in 2016 than they were in 1992 - especially in wealthy couples, a new study suggests.
Results come from a survey that interviewed the spouse in mixed-sex married couples that was identified by a household member as more knowledgeable about the household finances.
In 2016, 56% of husbands were designated as most knowledgeable, up from 53% in 1992 and 49% in 1995. But among households in the top 1% of net worth, the husband was designated as the most knowledgeable in 90% of the households in 2016. Despite the progress women have made in society, there still seems to be a gender gap in who takes care of the finances, especially in wealthy households, said Sherman Hanna, lead author of the study and professor of consumer sciences at The Ohio State University.