Despite lower average earnings women are now saving more money than men, according to the latest Halifax Savings Barometer. Female savers with Halifax have an average balance equivalent to 41 per cent of their average annual gross earnings, whereas men have an average balance of 23 per cent of their earnings. While women in England and Wales earn £13,500 a year less than men on average, the typical savings balance held by female customers is now £8,211 compared to £7,699 held by men. Thrifty Yorkshire savers had average balances of £8,084.
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