A new global study highlights men’s increased focus on family planning as a financial goal.
- 67% of men in the UK aged 25-34 prioritize starting a family, compared to 62% of women.
- 46% of UK men plan financially for adoption or fertility treatments, almost double that of women.
- Similar trends exist in the US, with 84% of men focusing on family planning, compared to 76% of women.
- Men exhibit higher financial confidence in most regions, except in LATAM.
A notable global trend is emerging among younger employees, with men increasingly placing family planning at the center of their financial aspirations. A recent comprehensive survey highlights that both in the UK and the US, men aged 25-34 are prioritizing family planning significantly, more so than their female counterparts.
In the UK, 66% of men within this age bracket are setting tangible financial goals to start their families, which slightly exceeds the 62% of women with similar aspirations. Perhaps more striking is the finding that 46% of these British men also aim to cover the costs associated with adoption or fertility treatments. This is almost double the 24% of women who are financially planning for the same services.
Similarly, the financial planning trends in the US reflect a strong inclination among men to prioritize family-related expenses. Notably, 84% of American men aged 25-34 are aligning their financial strategies towards family creation, compared to 76% of women. Additionally, a substantial 77% of these men are preparing to fund adoption or fertility treatments, a figure that is remarkably higher than the 69% of women pursuing the same financial goals.
The report highlights growing concerns about male fertility, particularly in light of the drastic decline in average sperm counts globally over the past few decades. This may be driving men to take proactive measures in their family planning and financial preparation.
In terms of financial confidence, men also appear to lead in various surveyed regions, feeling more assured about their financial capabilities compared to women. This is evident in places like the UK, where 88% of men express confidence contrasted with 77% of their female peers. However, LATAM deviates from this pattern, showcasing higher financial confidence among women than men.
The study underscores the urgent need for financial literacy and education, as a significant proportion of employees globally express a lack of understanding of employer-provided benefits. This gap is particularly pertinent for those contemplating family planning, suggesting that enhanced financial education could support employees in making better-informed decisions about their future.
Financial planning for family creation has become a prominent goal for men globally, indicating a shift in traditional roles and priorities.
