Housework beats financial planning

A telephone survey of east-coast capital city households with $75,000-plus incomes has revealed that 33 per cent of women would rather do housework than look after their financial investments. A similar percentage of men said they'd rather visit the in-laws. In Brisbane, more than 50 per cent said they'd rather take the dog for a walk.

The survey, commissioned by Citibank, showed that Melburnians are the least optimistic about investing and 58 per cent rely on friends, family and colleagues for financial advice. Fewer Melburnians than other city residents have financial plans. Sydneysiders are more likely to expect an inheritance, with many relying on the death of a relative for financial security.

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