Men tighten their belts

The research suggests that men are taking a more pragmatic and cautious approach to their money, with almost one in five men (19%) revising their current investment strategy, compared with 13% of women.

While men are more likely to prepare themselves for future uncertainty, the report also confirms that 17% of men are investing at least 10 per cent of their monthly salary compared with 13% of women. Men are also more likely to shop around for a better deal on their savings accounts during this unpredictable time than women (10% vs 7%).