Transformations can commence with a spectacle, such as the introduction of Picasso’s “Guernica.” However, more frequently, they unfold gradually, influenced by subtle shifts in the economic and political domains that render people more amenable to change.
This revolution is better characterized as an evolution: A growing number of women have been graduating from college, surpassing men since the 1990s. The proportion of women at the helm of Fortune 500 companies has climbed to 10%, and a woman now occupies the vice president’s office. Despite these advancements, disparities persist. On average, women in the United States retire with 84% of the financial resources that men have, often due to caregiving responsibilities. Additionally, less than 3% of the capital invested in U.S. start-ups goes to businesses founded by women, and many women express insecurity about fundamental financial management.
If women are poised to control the majority of the projected $30 trillion in personal wealth by 2030, according to McKinsey economists, how will this impact our daily economy? Will financial advisers devise new business models catering to diverse clienteles? Will advertisers need to reassess their target demographics? Will women experience benefits from sex-specific medical research, enhancing their health management?
In this series, The Washington Post delves into the analysis of this financial landscape shift, seeking to address these inquiries, elucidate how we arrived at this historical juncture, and explore its potential implications