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📰 Millennial women, congrats - you're the economy's new power players. This is the headline of a recent article on Fortune, which summarizes the findings of a report from the Ned Davis Research entitled The Rising Influence of Millennial Women. 😆 I suddenly wish I categorized myself as Gen Y, which I have long resisted. As a kid born in 1980 in the country in PA with one sibling who is eight years older than me, I consider myself a Gen X-er with Millennial tendencies...the perfect representation of a Xennial/Star Wars sub-generation ('77 and '83). 😲 Now sitting here with FOMO, wanting to be a stat in this movement! On a serious note, this article was really interesting. The study outlines the impacts this generation of women has on just about every aspect of the current global economy. ➡ Women's participation in the Australian labor force surged by 3.25% vs. men's 0.25% over the study period (assumed 2023). ➡ Women aged 25-34 are more likely to have higher education than men. ➡Despite lower incomes, women outspend men by $1k-$2k annually; we hold the purse strings and boost the economy, y'all! The study concludes that if female labor participation in the U.S. hits 60% we can expect a 3% GDP boost in the economy. 💪 Women currently account for 57%+ of the workforce...not far to go! Women are the heartbeat of tomorrow’s economy; our drive is not just shaping our futures, but maybe the world's doo. 💃 No pressure. There is clearly no better time to give women a more inclusive and equal world in which to operate - doing so will benefit everyone. 👉 PS: Talk to me, ladies! Where have you seen real evidence of this impact? #careercoach #professionaldevelopment #businesscoach #entrepreneur #women

🎉 Millennial women, take a bow! 🙌 According to this insightful article from AOL Finance, millennial women are shaping the economy like never before! 💼 From entrepreneurship to leadership roles, they're breaking barriers and driving change. Cheers to empowerment, innovation, and endless possibilities! 💪💼 Read the full article to celebrate the unstoppable force of millennial women in the economy: https://lnkd.in/gk8s2kt4

Interesting article-- Since 2019, the US has seen a surge in millennial women in the workforce- this is having and will continue to have a positive effect on the economy (single women in the US spend more money than men, and are more likely to own homes). #millennial #paygap #women #economy #economicgrowth #spendingpower #workforce #womeninbusiness

Ned Davis Research | The Rising Influence of Millennial Women Over the past decade, NDR Chief Economist Alejandra Grindal has written a series of detailed publications on global demographic trends. In the March 2022 edition, she placed a special emphasis on the role of women in the global economy, noting that, “Increased female participation represents a significant positive catalyst for economies and equities”. This kicked off a tradition of highlighting female labor participation during Women's History Month.   This year, she is focusing on the increasing influence of Millennial women. Supported by flexible work options and increasing tertiary education rates, female participation in the prime age labor force continues to soar all over the world, outpacing that of males. This surge bodes well for potential real GDP growth and could have positive implications for the economy and equities over the long-term. For access to "The Rising Influence of Millennial Women" as well as additional economic perspectives from Alejandra and NDR U.S. Economist Veneta Dimitrova, investment professionals may click here to get started: https://lnkd.in/esDtfE9D #globaleconomics #millennials #iwd2024

📰 Millennial women, congrats - you're the economy's new power players. This is the headline of a recent article in Fortune, which summarizes the findings of a report from the Ned Davis Research entitled The Rising Influence of Millennial Women. The study outlines the impacts this generation of women has on just about every aspect of the current global economy. ➡ Women's participation in the Australian labor force surged by 3.25% vs. men's 0.25% over the study period (assumed 2023). ➡ Women aged 25-34 are more likely to have higher education than men. ➡Despite lower incomes, women outspend men by $1k-$2k annually; we hold the purse strings and boost the economy, y'all! The study concludes that if female labor participation in the U.S. hits 60% we can expect a 3% GDP boost in the economy. 💪 Women currently account for 57%+ of the workforce...not far to go! Women are the heartbeat of tomorrow’s economy; our drive is not just shaping our futures, but maybe the world's doo. 💃 No pressure. There is clearly no better time to give women a more inclusive and equal world in which to operate - doing so will benefit everyone. 👉 PS: Talk to me, ladies! Where have you seen real evidence of this impact? #careercoach #professionaldevelopment #businesscoach #entrepreneur #women

”THE FEMINIZATION OF WEALTH” is what a recent study calls the dynamic that will result from the expected $80 trillion generational wealth transfer over the next 20 years. Many women, particularly millennials, said they are becoming more financially confident and planning to invest. As a result, the gender wealth gap - the discrepancy between what men and women own - is expected to shrink considerably in the coming years. We’ve been helping women forge their financial futures for decades, and if you’re a woman thinking about your future financial plan, we can help you. Contact Sarah Brown or Elli Schochet at purpose@algbrown.com or 416-787-6176. #wealthplanning #womenandwealth #generationalwealth #purpose #powerofpurpose

Women over 40 are a powerful force that few are talking to – but you should.   We are living longer than ever. What once was called old and irrelevant is now your biggest opportunity. Women over 40+ hold the world’s greatest spending and personal power. And this group is only growing.   Consider the following facts: -      The 50+ market commands nearly half of all consumer expenditure in the U.S. and presents a global opportunity worth $30 trillion -      Furthermore, the impending Great Wealth Transfer, totalling a staggering $129 trillion in assets, marks a seismic shift in wealth ownership in the United States. Presently, Boomers hold half of this wealth, but over the next two decades, it will transition to inheritors, with women poised to control more wealth than ever before. -      Why? Two primary reasons - women typically outlive men, and wealth will be passed down through generations, predominantly to the larger millennial cohort, which includes a substantial number of single women.   Last year #thestellacollective conducted our own research specifically targeting women aged 40 and above. We clearly see a renaissance is taking place, we are moving from us (the family) to I once again. Women are reclaiming power in various aspects of life—finances, decision-making, confidence, and knowledge. Key areas are being reassessed such as partnerships, social circles, and mental and physical well-being.   Marketing to this intriguing group requires a return to fundamentals, emphasizing a deep understanding of genuine needs rather than mere demographics (for example: mothers with older children or empty nesters. Anyone relate to these?) Are you ready to extend your current target groups out by 10-15 years and tap into your most significant opportunity yet? #Thestellacollective #blindspotnomore #superconsumers #womenover40

Ahead of #IWD tomorrow, I wanted to put the spotlight on the "Feminization of Wealth". Economists expect a great #wealth #transfer over the next two decades, with as much as $80 trillion changing hands between generations. #Women are set to benefit — especially #millennials. This shift could shrink the #gender wealth #gap and boost the economy. Women are likely to invest in other women, philanthropic causes, and climate preservation. Affluent women often look for their financial institutions to partner with them, to listen to them, to enable them to be prepared for their future. Therefore, financial institutions will have to respond to this demand and prepare accordingly. #WomenInFinance #FeminizationOfWealth #Empowerment #ImpactInvesting #ClimateAction #Insight #ConsumerBehavior #ConsumerInsight #FinanceNews #FinanceInsight

THE MCKINSEY ANNUAL WOMEN IN THE WORKPLACE REPORT WAS RELEASED AND I HAVE SOME THOUGHTS White Men are 3.1x MORE likely to secure a role in the C-Suite than ALL women of ALL demographics. WHAT? Yes, its facts based on data. White Men make up 31% of the population and 56% of the C-Suite roles. While women of any demographic make up 50% of the population and only 29% of the C-Suite roles. A little bit of math and you discover.... The likelihood of a white male being in the C-Suite is 3.1x higher than a female. Women experienced marginal growth in C-Suite roles from 17% in 2015 to 29% in 2024. Meanwhile, women of color only represent 7% of the C-Suite! Beyond unacceptable. Even more notably, which each promotable rung of the ladder, the percentage of women gets smaller and smaller and smaller beginning at the first promotion from Entry Level to Manager. So women are under-represented from the start. WE HAVE WORK TO DO! #mckinseywomenintheworkplace #womeninthecsuite

I've seen an uptick in social media shares talking about how single women own a higher percentage of owner-occupied homes in the US than single men (58% compared to 42%). So... winning, right? What gender inequality? Go ladies! It sounds promising, like an economic power move by women. Unfortunately, there's a little more to the story. - Among all single homeowners, women earned an average of 88% of their male counterparts. They're also less wealthy than their male counterparts overall. This tells us that this isn't a story about shifting wealth, but likely more due to different spending and saving priorities. - Demographics is key here: About 70% of singles over the age of 65 own their own home. Women are significantly more likely to be widowed, since we live longer, suggesting that often ownership is transferred due to spouses death vs economic success. Even in this demographic, the number is actually down from 2000 where single women owned 75% of the households in this age group. So yes - men are even living longer too, narrowing this gap. (Come on guys, this is the one thing we had!... only joking) - A third of ALL single women homeowners are older than 65, while only 22% of single men homeowners are older than 65. This demographic alone accounts for a lot of this discrepancy. In younger age groups, single men still come out on top in the home ownership race. - An additional theory I'd like to throw into the mix here (don't come at me for numbers, I don't have them - that's why I'm calling it a theory) is that women are less likely to invest in the stock market compared to men, citing lack of confidence and knowledge. This could suggest that even financially established women feel more confident about the prospect of investing in a home than their portfolios. A gentle reminder that click bait headlines are fun. But let's all try to dig a little deeper below the surface of the headlines before we put down our weapons in the battle for equality.