I have always wondered why more women did not look into owning their own funds. Granted, it is a high stress, high risk business, but it also offers high rewards and control.
Sentiment: POSITIVE
If women had better access to the financial system - even so much as a basic deposit account at a bank - it would be a major step in the direction of greater wealth and greater economic empowerment.
There's a whole generation of women who never really heard the word investment before, when it came to fashion. They've been buying things because they were cheap.
Women are trying to have it all but are trying to regain control over their time. That's why many women are busting out of the traditional workforce and starting their own businesses.
The fact is, women don't like to talk about money, let alone deal with it. Though we're killing it at work, earning more than ever, running our households, and making big-ticket decisions, too many women still worry they'll be judged by what they earn and how they spend it.
As women slowly gain power, their values and priorities are reshaping the agenda. A multitude of studies show that when women control the family funds, they generally spend more on health, nutrition, and education - and less on alcohol and cigarettes.
In America, it has been proven that the bulk of spending money is in the hands of women between 60 and 80, so it's so stupid. The people who do have the time and money to shop are either retired or empty-nesters.
Until we know how many women own businesses, we may under-invest in them as entrepreneurs and economic drivers.
Women are starting something like twice as many companies as men, but the money is primarily going to companies started by men.
We know what happens when a woman earns money. She is far more likely than a man to spend her earnings on the health and education of her children and to invest in improving her family's standard of living.
We have had scarce investment in women... One of my tasks is that everyone spends much more on women.