Women more optimistic than men about economic outlook

Video here. Text excerpt:

'There is a widening divide between men and women when it comes to their outlook for the economy and their own financial situations in the next twelve months, according to a new nationwide survey issued today by Citigroup and conducted by Hart Research Associates.

While optimism for the future was found to have declined overall, women's confidence held almost steady while men have turned increasingly sour since March, the study found.

“Many women are CFOs of their households, controlling the purse strings on purchases, so their positive near-term outlook on the economy may be a positive indicator for recovery,” said Lisa Caputo, Chairman and CEO of Citi's Women & Co., a division of Citi dedicated to helping women achieve their financial goals. “However, it’s clear they have tempered expectations that recovery and stability for their households may remain in the far distant future.”'