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Despite recent trends of progress, men predominantly control finances among heterosexual relationships in the U.S., especially within wealthier families, according to two separate studies. In fact, traditional male/female gender roles have been reinforced amid the novel coronavirus pandemic, one survey found.
One study — the UBS Global Wealth Management's latest Own Your Worth report — looked at more than 1,800 high-net-worth investors in the U.S. The other survey, put together by analytics company Hearts & Wallets, looked at a broader swath of society polling nearly 5,500 households across the socioeconomic spectrum and pulling millions of census household economic data points across 8 years.
Among the rich, UBS found that nearly half of women, 49%, defer to their male spouses to make financial decisions, and millennial women are more likely than previous generations to do so.
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Dylan Jackson
Dylan Jackson writes about the business of law and race. He can be reached at [email protected] or 305-347-6677. On Twitter @DylanBJackson
