They also have a higher ratio of shares to savings than women at 74 per cent compared to 29 per cent.
On average men invest more heavily in shares than women ($36,004 to $9,884 respectively). The research shows Australians, on average, have a touch under $23,400 invested in shares, an amount equivalent to 50 per cent of their savings.
One in 10 of the 1015 respondants interviewed in July, or the equivalent of 2.1 million Australians, transferred some of their savings to what they described as an investment account