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Women More Realistic than Men over Effects of Recession

Men are more likely than women to do nothing to adjust for an economic recession, according to a survey from the money management experts at Finicity.

The results, from a survey of more than 300 users of the popular money management program Mvelopes, highlight a stark contrast in the way men and women feel about a potential US economic recession:

-    21 percent of men say an economic recession would have no impact on their lifestyle, compared to only 5 percent of women.

-    Men are twice as likely as women to be "not at all worried" about the current US economy.

-    Nearly 60 percent of women feel the US economy will be worse in six months - compared to only 45 percent of men who feel the same way.

-    Women are twice as likely as men to decrease gasoline consumption during an economic recession.

"I think it's important to understand better how both sides view financial matters - whether on the economy, spending or how we feel about gas prices," said Steve Smith, president and CEO of Finicity. "It's just another component of trying to understand our lack of communication over money, and how to start making improvements."

Other findings from the survey include:

-    The top three things people would be least likely to give up in an economic recession:

1.    Consuming gasoline at their current rate

2.    Contributing to savings

3.    Eating out

-    The top three fears concerning an economic recession:

1.    Inflation

2.    Job security

3.    Increased debt

And, on a lighter note:

-    The top three "other" things people would be least likely to give up:

1.    "Eating organic foods"

2.    "Music lessons"

3.    "Feeding my dogs"

About Finicity

Finicity (formerly In2M) specializes in online money management tools and resources for personal and business use. Finicity's flagship product, Mvelopes, was named one of PC World's 100 Best Products of 2006 as well as a finalist in the 2008 IQ Awards for innovation in consumer products. Recently, Finicity was identified as one of the top ten fastest-growing companies in Utah, ranking ninth on the MountainWest Capital Network's Utah 100 list. Founded in 1999 and headquartered in Draper, Utah, Finicity is a privately held company.

Media Contacts:

Greg DeLong

Finicity

(801) 984-4211

Greg.DeLong(at)finicity.com

Jeremy Kartchner

SnappConner PR

(801) 703-4092

Jeremy(at)snappconner.com

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