Women Investors
Women have come a long way economically and in business ownership:
Economically:
- In 2011, women controlled about $20 trillion in global consumer spending, this number could climb as high as $28 trillion after five years1
- In 2011, 74.9% of women identified themselves as the primary shoppers for their household2
- Source: The Economic Times. “Why Women Consumers Matter and What Companies are Doing About It.” March 2012. Based on a study by Boston Consulting Group.
- Source: Catalyst. “Buying Power.” April 2012. Based on MRI’s Survey of the American Consumer, 2011.
Business Ownership:
- It is estimated that there are more than 8.3 million women-owned businesses in the United States1
- Women-owned businesses are estimated to generate nearly $1.3 trillion in revenue and employing nearly 7.7 million people1
1 Source: openforum.com. “New OPEN Study Reports Growth of Women-Owned Businesses for 2012.”
However, women still have many concerns:
Based on a 2010 Survey, three of the major concerns for women are:
Long-Term Health Care
• Women represented more than 70% of nursing home residents1
Financial Security
• 10.7% of women age 65+ lived in poverty, compared to 6.2% of men2
Living Alone
• 37% of women age 65+ lived alone, compared to 19% of men2
- Source: U.S. Department of Health and Human Services. “Resident living in Residential Care Facilities: 2010.”
- Source: U.S. Department of Health and Human Services. “A Profile of Older Americans: 2011.”
Three Important Steps
- Develop a financial plan
- Grow knowledge of investing fundamentals
- Talk to your financial professional