Survey Shows Women Are Generous Diners, Spotting Friends $24 on Average

The average amount of money American women would spend for a friend's dinner was $24. In the study, 92% of women said they would pay for a friend's lunch, and 14% said they would spend $50 or more. Millennials and younger women reported a slightly greater percentage (18%), stating they would pay for a friend's supper that cost $50 or more.

More than two-thirds of the women questioned stated that they had paid for a "significant" cost for someone else at some point in their lives. Forty percent have assisted with housing costs, and about 41 percent have aided someone with significant travel expenses. More than half (52%) indicated they had assisted family members in paying for a significant bill.

Women are More Likely to Ask Friends for a Loan

According to the women polled, asking a friend for a loan was more probable than asking a significant partner. As opposed to 17% of women who sought their significant other for a loan, over 25% of women who responded to the poll asked a friend. Seventy percent of the women who responded to the poll said they discuss money with their friends at least occasionally, and fifty percent feel it has improved their friendships.

But not every respondent had a pleasant experience talking about money and friends. Twenty-three percent of women admitted to lying to their friends about their income, and thirty percent indicated that money had ruined a friendship.

Most People Who Never Discuss Money with their Friends Don't Think it's Appropriate

Approximately thirty percent of those polled indicated they never discuss money with friends; among Gen X women or older or those who stated they have predominantly male acquaintances, this proportion rises to forty percent. Most people who claimed they avoid discussing money with their friends did so because they find it embarrassing or improper.

One-third of Women Claim to Be More Financially Literate Than Their Partners

One in three women in relationships claimed to know more about money than their spouse when it came to financial matters. Three-thirds of the women surveyed-eighteen percent are married to males, and thirty-three percent live with a significant other-are married or cohabiting. Most married or cohabiting women reported splitting their money with their significant other.

One in three women who live with a significant other reported that they are more likely to be in charge of routine spending choices than their spouse, and nearly all of the women polled (97%) said they discuss money with their partners. Almost 25% of individuals who cohabitated stated that they have greater responsibility for long-term planning decisions than their spouse.

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