Wednesday, September 16, 2009

The Real Emerging Market | Newsweek Women and Recession | Newsweek.com

According to a new study by the Boston Consulting Group, women are now poised to drive the post-recession world economy, thanks to an estimated $5 trillion in new female-earned income that will be coming on line over the next five years. Worldwide, total income for men ($23.4 trillion) is still more than double that for women ($10.5 trillion), but the gap is poised to shrink significantly because the vast majority of new income growth over the next few years will go to women, due to a narrowing wage gap and rising female employment. That means women will be the ones driving the shopping—and, economists hope, the recovery. That growth represents the biggest emerging market in the history of the planet—more than twice the size of the two hottest developing markets, India and China, combined.
The Real Emerging Market | Newsweek Women and Recession | Newsweek.com
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