Monday, June 18, 2007

Female Millionaires to Outnumber Males by 2020

According to this forecast by the Center for Economics and Business Research in the UK, 53% of millionaires in the U.K. are likely to be female by the year 2020.

Why? According to June 14 issue of The Economist, "Females do better at school and in higher education, and they live longer. Girl power, it seems, never had it so good."

The historical sources of women's wealth—marriage, inheritance and divorce—have been replaced by independent income, business ownership and investments. More than 80% of women now derive their riches from personal earnings, particularly from their own businesses. Divorce, long the engine that propelled women into prosperity, is cited by only 2.9% of those questioned as the main source of their wealth."

The WSJ also reports on this here.


At 6/22/2007 8:11 AM, Blogger Vik Rajagopalan said...

I read the article too in Economist and was wondering if it came true, would'nt UK be owning the most number of Business houses - Independent ones. Point to note is "Personal Business" brings afore 80% of the riches.

Strange and I don't mind if it came true either.


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