Women and wealth

Do women put enough effort into managing their money? Demographic factors such as education, household income, age and marital status influence how a woman manages her money.

Today’s world is changing at a startling pace. Political and economic transformations seem to be occurring everywhere as countries convert from command to demand economies, dictatorships move toward democracy, and monarchies build new civil institutions. These changes have created economic opportunities for women who want to own and operate businesses

Today, women in advanced market economies own more than 25% of all businesses and women-owned businesses in Africa, Asia, Eastern Europe, and Latin America are growing rapidly

In some regions of the world, transformation to a market economy threatens to sharpen gender inequality. Some of changes are simply the legacy of a gender imbalance that existed prior to political and economic reforms

Women’s business associations play a vital role in identifying appropriate and/or emerging sectors where entrepreneurs can succeed. The areas that are likely to take off quickly during a nation’s market revitalization public relations, transport, delivery, producing and marketing consumer goods, commercial banking, financial services insurance, and other service-related industries. In this process, women business owners are innovators, job creators and providers of economic security.

As owners of small and medium-sized enterprises (SMEs) women can also supply multinational companies with ideas inventions, technology, raw materials, supplies, components, and business services.

Over 700 women’s business organizations are registered in the US alone, representing over 8 million women-owned businesses. A vital link to economic decision-making processes, these associations have made their members’ visions and priorities a part of the national political and economic agenda. Around the globe many more organizations are contributing in similar ways.

With regard to the access of finacne, setting up microenterprises, small and medium-sized enterprises in both formal and informal economic sectors is one way to achieve sustainable socio-economic development and eliminate poverty. Women tend to seek small personal loans because they tend to start small firms.