Tuesday, July 7, 2015

Sex and money at ING

Survey shows men are cheaper than women

Sex and money at ING

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ING Direct Bank, the $90 billion-asset, Dutch-owned, Wilmington-based consumer deposit and loan bank headed by ex-finance professor Arkadi Kuhlmann, says a survey of 1,000 Americans shows a wide gender gap on attitudes about money and debt. 

More than six in 10 men ING surveyed agreed a "frugal" blind date would be both "smart" and "sexy." Only a little over four in 10 women agreed; women were more likely to equate money-saving with "stingy" and "boring" partners.

Two-thirds agreed women were better at paying bills. But six in ten said men were better at investing. Women, unlike men, were more worried about "gaining weight" than "accumulating debt." Survey summary here.

ING's trying to figure out how Americans borrow, spend and repay as it tries to recover from losses in 2008 and 2009. The bank turned a profit and started growing again in the first quarter of 2010, but has yet to recover its rapid expansion from earlier in the decade, when depositors were sending an average $1 billion a month to the branchless lender's electronic vaults.

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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