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. Last Updated: 07/27/2016

Women May Have the Final Say

LONDON -- More women than men will make financial decisions in the home in just over a decade, a report published on Friday said.

The fairer sex will have the final say in the majority of financial decisions in British households by 2020, if current trends continue, according to National Savings & Investments.

The government-backed savings provider said men currently make key financial decisions in 20 percent of households, a decline of 2 percent in the past five years. Over the same period, the proportion of women having the final say has risen from 10 percent to more than 12 percent.

Women are also predicted to be the main earners in one in four households by 2030. Although women continue to earn less than men -- an average of ?1,080 per month ($2,200), compared with ?1,486 among men -- they are catching up fast.

Women in their 20s will overtake men in the earning stakes by 2015, if the trend continues, the report says.