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Women will rule the roost financially by 2020

By 2020, women will make the majority of financial decisions in the home, according to a new report by National Savings & Investments (NS&I).NS&I said that the number of men making key financial decisions has declined by two per cent, to 20 per cent of households, in the past five years, while the number of women having the final say has risen from ten per cent to more than 12 per cent.Future Foundation has therefore predicted on the back of these and other figures that by 2020, women will be making the bulk of financial decisions.Women are also expected to be the main breadwinners in a quarter of households by 2030, although at present, women earn around £400 less than men each month, although this gap is closing. Women in their 20s earned 93 per cent of their male counterparts' wage in 2000, but this figure has risen to 96 per cent today - if this was to continue, women will overtake men by 2015.William Nelson, deputy head of consultancy services at the Future Foundation, said: "We are seeing the emergence of a generation of women who are better educated, more ambitious, and more financially confident than any before them."This generation is already more likely to handle day-to-day financial matters than their male partners, and demands to have at least an equal say in the big decisions."

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