Women Helping Women
Honoring Women’s History Month
In honor of women’s history month and International Women’s Day, we wanted to celebrate some of the strides women have made over the past several decades. Although we’re still waiting for equal representation in government (among other things), women have done some pretty amazing things. And one of the first is that we earn more college degrees than men—60% of all degrees in the U.S. in fact.1
Bringing home the bacon
We’re still waiting for equal pay, but we’ve been making strides at work, earning higher salaries and better positions than they have in the past.
- In the U.S., more than 25% of married, heterosexual women earn more than their husbands. 2
- As of June 1, 2019, 33 of the Fortune 500 companies are led by women. While that’s still a small percentage, it represents a significant step forward and a nearly 30% increase from the previous year. 3
- As of 2019, women now hold more than 20% of board positions in the top 3,000 publicly traded companies. 4
Taking care of business
Women also tend to make great business owners—employing millions of Americans and generating more revenue by far.
- Women own 40% of U.S. businesses (that’s 12.3 million)—and they generate nearly $2 trillion a year in revenue5
- Between 1997 and 2017, the number of women-owned businesses in the U.S. increased by114%, while the growth rate for all companies was 44%.6
- As of 2018, women-owned businesses were responsible for the employment of 9.2 million Americans. What’s more, although employment for all firms declined by 0.8% between 2007 and 2018, it rose by 21% for women-owned firms. 6
- Women-owned businesses tend to deliver more than double the revenue of companies established by men. 5
And according to Suze Orman, women are more financially independent than men for a number of reasons as well, including:
- Single women spend less than single men, as they focus more on day-to-day expenses and more aggressively paying down debt7
- Women know they have to work harder because of the pay gap—so they do7
- Women try to take the right risks7
Women have done a number of other amazing things, including inventing white out, disposable diapers and the dishwasher.1 Gasber Financial is proud to help wonderful women like you to achieve and maintain their financial independence, enabling you to plan for the future of your dreams.