Opinion
International Opinion

Women Ruling the World?

By Richard Whitmire — July 07, 2010 1 min read

More on the diminishing fortunes of men in Newsweek:

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.

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