CHARLOTTE, N.C., Nov. 9, 2021 /PRNewswire/ -- As No Shave November
and Movember charity events get underway, here's a fun fact: Almost
half of Americans think bearded men are better with money than
their clean-shaven counterparts.
That's according to a LendingTree survey of more than 2,000
Americans about grooming in honor of this month's tradition of
letting mustaches and beards grow to raise awareness of men's
health issues.
Key findings
- Nearly half (48%) of Americans think bearded men are better
with money compared to those who are clean-shaven. As for
men who currently have facial hair, 75% claim they're better with
money.
- This year, 46% of men will forego shaving and/or grow a
mustache in honor of No Shave November and Movember. And
the holiday isn't just for men as 24% of women will skip shaving,
too.
- About 1 in 6 men say they've argued with a significant other
about their facial hair (or lack thereof). Beard bickering
is more common among men who prefer facial hair versus those who
are clean-shaven (19% versus 14%).
- Men spend more money on grooming products than women, and
it's more expensive to have a beard than to be
clean-shaven. On average, men spend $42 per month on products like razors and shaving
cream, while women spend $39. Men
with facial hair spend even more: $49, versus $35 for
clean-shaven guys.
- Men are into self-care, too. Male respondents
indicated they spend money on massages (12%), manicures or
pedicures (9%), facials (9%) and waxing (7%). Gen Z and millennial
men are especially into these services.
"For whatever reason, Americans have long seen beards as a sign
of wisdom and gravitas," said LendingTree's chief credit analyst,
Matt Schulz. "Even Uncle Sam has a
beard. Not to mention some of the wisest men in literature and pop
culture, like Merlin, Gandalf and Obi-Wan
Kenobi, have beards"
To view the full report,
visit: https://www.lendingtree.com/credit-cards/study/no-shave-november-survey/.
Methodology
LendingTree commissioned Qualtrics to
conduct an online survey of 2,051 U.S. consumers from Oct. 15-20, 2021. The survey was administered
using a nonprobability-based sample, and quotas were used to ensure
the sample base represented the overall population. All responses
were reviewed by researchers for quality control.
About LendingTree
LendingTree (NASDAQ: TREE) is the
nation's leading online marketplace that connects consumers with
the choices they need to be confident in their financial decisions.
LendingTree empowers consumers to shop for financial services the
same way they would shop for airline tickets or hotel stays,
comparing multiple offers from a nationwide network of over 500
partners in one simple search, and can choose the option that best
fits their financial needs. Services include mortgage loans,
mortgage refinances, auto loans, personal loans, business loans,
student loans, insurance, credit cards and more. Through the
LendingTree platform, consumers receive free credit scores, credit
monitoring and recommendations to improve credit health.
LendingTree proactively compares consumers' credit accounts against
offers on our network and notifies consumers when there is an
opportunity to save money. In short, LendingTree's purpose is to
help simplify financial decisions for life's meaningful moments
through choice, education and support. LendingTree, LLC is a
subsidiary of LendingTree, Inc. For more information, go to
www.lendingtree.com, dial 800-555-TREE, like our Facebook page
and/or follow us on Twitter @LendingTree
MEDIA CONTACT:
Morgan
Lanier
morgan@lendingtreenews.com
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SOURCE LendingTree.com