WomensNet News

March 23rd 2012

Time Magazine: “Women, Money and Power”

I wanted to tell you about a great article in this week’s issue of Time magazine.  But before I do that – a quick reminder that if you want to be considered for the March WomensNet.Net Business Grant for Women, the deadline to fill out your application is next week.  It only takes a few minutes to share your story, and we’d love to hear from you…

In honor of Women’s History month, Time ran a cover story looking at how far women have come in the workforce (“Women, Money and Power”).  There are a few highlights I wanted to share with you because we, as women entrepreneurs, should be encouraged by some trends in our society.

The article is based on a book, The Richer Sex, by Liza Munday.  The basic premise is that women are fast becoming the family breadwinners – and how that trend is changing women, businesses, families and relationships.

As the article says, “One generation.  One seismic economic, social and emotional change.”
Here are a few nuggets I thought might interest you:
·         Assuming the present trend continues, by the next generation, more families will be supported by women than by men.

·         Nearly 4 out of 10 working wives outearn their husbands – an increase of more than 50% from 1979.

·         Women are in a great position to keep outearning men.  Women today make up almost 60% of U.S. college students, and earn the majority of doctorates and master’s degrees.

·         Single childless women ages 22-30 in the majority of large U.S. cities now have a higher median income than their male peers.

Yes, women still face a lot of challenges in the marketplace – especially women business owners looking for grants, loans and financing.  But I wanted to share the encouraging news as well.  Have a great weekend, and don’t forget to take a few minutes to apply for the WNN Amber Grant if you’d like.