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Women in business are making their mark. Below are statistics that should be an encouragement to us all. More women are starting businesses and thriving, making a positive impact on the economy, and getting university degrees. We have not yet reached gender equality, but as these stats show, the gap between the sexes, from a financial standpoint, is closing.
$ In the United States, eight million women own their own businesses and employ more than twice that number of people (33% of businesses in the US).
$ Women control 80% of consumer spending in the United States.
$ In 1976, only 17% of all donations to political parties were made by women. By 1996, 23%.
$ Women are not only more involved in financial planning and investments, but now represent 25% of all e-trading.
$ 55% of all college degrees are earned by women.
$ Women in technology are more inclined to start their own businesses, and with good reason. According to Women in Technology International, the failure rate of new female-owned businesses (39%) is half that of all new businesses (80%).
$ In one generation, the average female salary has gone from 59% of the average male salary to between 80% and 85%.
$ According to the National Foundation for Women Business Owners, women-owned businesses-which account for one quarter of business in the economy worldwide-produce annual revenues of $2.3 trillion in the United States.