American women are already the breadwinners or co-breadwinners in two thirds of American households; in the European Union, women filled 75 percent of the 8 million new jobs created since 2000. Even with the pay gap factored into the equation, economists predict that by 2024, the average woman in the U.S. and a number of rich European countries will outearn the average man. And she’ll be spending that money: as a new book on female economic power, Influence, points out, American women are responsible for 83 percent of all consumer purchases; they hold 89 percent of U.S. bank accounts, 51 percent of all personal wealth, and are worth more than $5 trillion in consumer spending power—larger than the entire Japanese economy. On a global level, women are the biggest emerging market in the history of the planet—more than twice the size of India and China combined. It’s a seismic change, and by all indications it will continue: of the 15 job categories expected to grow the most in the next decade, all but two are filled primarily by women. [...] Between 1997 and 2002, female-led firms grew by nearly 20 percent, while overall firms grew by just 7 percent; by 2005, women represented more than a third of people involved in entrepreneurial activity, and the number of women-owned firms continues to grow at twice the rate of all U.S. firms. [...] It’s a well-known fact that in the United States, women outnumber men in the attainment of college degrees (by 20 percent), as well as graduate and law diplomas; 72 percent of high-school valedictorians were women last year. But it’s less well known that the same is true in many developing nations. In Brazil, the United Arab Emirates, and Russia, the vast majority of college graduates are female. In Russia, for example, 86 percent of women ages 18 to 23 are enrolled in tertiary education.And I am out.....and don't mention the World Cup...
Thursday, July 8, 2010
More about women's economic power
Interesting article, even though I do not really agree with the premise, but here are the interesting factoids.