![]() ![]() However, millennial men who are homeowners are less likely to have a mortgage than their female counterparts. Data from the 2017-2018 Consumer Expenditure Survey shows that, of the surveyed participants, 25% of single men between the ages of 25 and 34 were homeowners relative to only 21% of single women who were the same age. That’s potentially a result of differences between the sexes in homeownership rates and outstanding mortgages. Single millennial men are more likely to be homeowners than single millennial women. By comparison, millennial women spent almost $11,500 on housing throughout the year, or 29.3% of their budget. Millennial men spent an average of about $11,000 on housing, or 26.3% of their total budget. Millennial men spend slightly less than millennial women on housing in both gross and percentage terms. Therefore, millennial women spent more than twice as much as men on reading & education and less than half of what they spent on alcohol & tobacco. On average from 2017-2018, millennial women spent about $850 more on reading & education and $620 less on alcohol & tobacco than millennial men. Spending diverges the most on reading & education and alcohol & tobacco.On average, millennial men spent close to $42,000 over the year, while millennial women spent approximately $39,100. Annual expenditures for both sexes exceeded their post-tax incomes. By contrast, the average post-tax income for a woman between those same ages was about $38,600. The average post-tax income for a man between the ages of 25 and 34 was roughly $41,800, according to data from the BLS 2017-2018 Consumer Expenditure Survey. Single millennial men tend to make and spend more than their female counterparts.While the survey participants was skewed towards women (30% men, 70% women), the results were still interesting. I also specifically asked them about their haircut habits and whether they pay for any additional services. I asked them how often they go to hair salons/barber shops and how much they pay per trip. I recruited 202 people and presented them a survey. However, to truly answer the question of which gender spends more, I needed a larger sample size. MOST SPENT MONEY BY WOMEN HOW TOIf there was a book called How to Lose Friends and Make People Think You Are Secretly a Serial Killer, asking people about their haircare routine deserves its own chapter.Īfter getting the expected “Why do you need to know”, “Why?” and my personal favorite, “…”, my male friends said they get a haircut every one to two months for $20-$30 a haircut while my female friends ranged from every 3 months to every two years at $50-$100 per haircut.Īpparently, there are also “additional services” available such as hair straightening, coloring, and something called a Brazilian Blowout. I first did a cursory survey of my friends to better understand general haircut habits. Now you may be wondering that with all the unsolved mysteries and unanswered questions left in the world, whether men or women spend more on haircuts is an extremely narrow and pointless question that doesn’t deserve in-depth research. As a result, it wasn’t clear to me who actually spends more on haircuts. Based off my limited observational skills, women get haircuts two or three times a year - significantly less than men. I couldn’t imagine most girls needing to get haircuts as frequently as guys. Because of this price gap, I’ve always assumed that women spend more than men on haircuts.īut as I started doing some calculations, I was less sure. I’ve protested this injustice the same way I protest all injustices that have no impact on my life: by remaining silent and hoping it goes away. My female friends have often complained about how it is an outrage that women pay more than men for haircuts. Wait, do girls actually spend more than me on haircuts? Man I feel bad for girls, they must spend way more than I do. MOST SPENT MONEY BY WOMEN SERIESinternet, electricity, Amazon Prime).Ī series of thoughts and questions popped up:ĭoes everyone spend this much money on haircuts? That was more money than I spend on other services I consider integral to my life (i.e. This means I’m spending around $360 a year on haircuts. I was sitting in a chair at Dazzle’s salon watching Michael turn the porcupine on my head into something remotely presentable when I realized, “Wow, I spend a ton of money on haircuts”.Įach trip to Dazzle costs me $30 and I go every month or so. Thinking about haircuts while getting a haircut ![]()
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