Japanese wives save 3 times as much as their husbands - in secret

Money saved in secret by Japanese wives is about 3.4 times their husbands' clandestine stash, Jiji Press reported Saturday, citing a survey by Meiji Yasuda Life Insurance Co. -- PHOTO: AFP
Money saved in secret by Japanese wives is about 3.4 times their husbands' clandestine stash, Jiji Press reported Saturday, citing a survey by Meiji Yasuda Life Insurance Co. -- PHOTO: AFP

TOKYO - Money saved in secret by Japanese wives is about 3.4 times their husbands' clandestine stash, Jiji Press reported Saturday, citing a survey by Meiji Yasuda Life Insurance Co..

According to a online survey conducted by the company on Oct 17-21, the average amount of money hoarded by married Japanese woman was 1,187,775 yen (S$13,102), up about 70,000 yen from 2013, said Jiji Press. Married men saved 352,064 yen secretly on average, down by 50,000 yen, the report added.

The combined average secret savings among couples was up 9,462 yen to 769,130 yen, it said.

Most of the survey respondents - 74.8 percent of wives and 65.3 percent of husbands - claim they put away money surreptitiously as emergency funds.

Some 34.5 percent of wives also said the money was for the "future" while 51.5 per cent of husbands said it helped pay for their hobbies.