{"id":165405,"date":"2020-09-11T06:36:05","date_gmt":"2020-09-11T04:36:05","guid":{"rendered":"https:\/\/www.myza.co.za\/why-everyone-benefits-when-women-are-richer-mypr-co-za\/"},"modified":"2020-09-11T06:36:05","modified_gmt":"2020-09-11T04:36:05","slug":"why-everyone-benefits-when-women-are-richer-mypr-co-za","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/why-everyone-benefits-when-women-are-richer-mypr-co-za\/","title":{"rendered":"Why everyone benefits when women are richer | MyPR.co.za"},"content":{"rendered":"

Why everyone benefits when women are richer | MyPR.co.za<\/a>: <\/p>\n

MyPR: Why everyone benefits when women are richer<\/strong>: <\/p>\n

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Wealth Migrate<\/figcaption><\/figure>\n

New Zealand Prime Minister Jacinda Ardern, German Chancellor Angela Merkel, International Monetary Fund MD Christine Lagarde, Democratic vice-presidential candidate Kamala Harris and the increasing number of women sitting on corporate boards are clear indications of the big strides women have made around the world.<\/p>\n

This is good news for women, certainly, but not only women benefit from this process. Research done by UN Women shows that a community\u2019s health, education and child nutrition improve when women earn more.<\/p>\n

The role of women in the economy has changed enormously over the past few decades and is destined to change further \u2013 putting more women in charge of more assets than ever before.<\/p>\n

McKinsey\u2019s 2019 Women in the Workplace survey shows that over the next decade, vast sums of money is expected to change hands. \u201cThe biggest driver of this shift is demographics. Today, roughly 70% of US affluent-household investable assets are controlled by baby boomers. Furthermore, two-thirds of baby-boomer assets are currently held by joint households (where a female is present but not actively involved in financial decisions), meaning that roughly $ 11-trillion in assets are likely to be put into play. As men pass, many will cede control of these assets to their female spouses, who tend to be both younger and longer lived.\u201d<\/p>\n

The survey says that \u201cafter years of playing second fiddle to men, women are poised to take centre stage\u201d.
This shift poses a question to companies \u2013 will they continue doing things the way they have for decades or change to meet the demands of more powerful and wealthy female clients?<\/p>\n

\u201cOver the next three to five years, as women increasingly take responsibility for making their households\u2019 financial decisions, they will become the critical battleground for wealth management firms,\u201d McKinsey states.<\/p>\n

Along with women having access to more wealth is the trend for women to start and run their own businesses, changing the face of economies around the world.<\/p>\n

More women are part of the prestigious high-net-worth club (those people who own $ 1-million or more in assets), according to a study conducted by The Economist Intelligence Unit and sponsored by RBC Wealth Management.<\/p>\n

This influence is expected to rise further as millennial women (born 1981-2000) have been entering the high-net-worth club faster than their Baby Boomer counterparts (born 1946-1964). In other words, this is not an aberration, but a trend that is likely to intensify.<\/p>\n

But the world that is opening up for more women is not only for in the elite high-net-worth group. Janine Basel, CEO of Akro Capital, who spoke at Women & Wealth webinar, found that the experience of running a home, familiar to women everywhere, gave her the edge when she worked at a large engineering company.<\/p>\n

No one would claim that the fight for equality is over \u2013 there is a long way still to go \u2013 but big changes have taken place in terms of an increase in the number of women controlling and making big money around the world. This has huge benefits for everyone \u2013 rich and poor, male and female \u2013 and bring enormous opportunities to those who are ready and willing to run with them.<\/p>\n

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Did you know this about Johannesburg?<\/strong> Johannesburg is the world\u2019s biggest man-made forest, with over 10 million trees. This number is set to grow, as City Parks launched the Greening Soweto project in 2006, with the goal of planting an extra 200 000 trees in the famous township. Not only do Joburg\u2019s trees combat the greenhouse effect, they help reduce noise in this \u2018urban jungle\u2019.<\/p>\n

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Why everyone benefits when women are richer | MyPR.co.za: MyPR: Why everyone benefits when women are richer: Wealth Migrate New Zealand Prime Minister Jacinda Ardern, German Chancellor Angela Merkel, International Monetary Fund MD Christine Lagarde, Democratic vice-presidential candidate Kamala Harris and the increasing number of women sitting on corporate boards are clear indications of the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3332],"tags":[9740,18523,26763,38786,87],"class_list":{"0":"post-165405","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-johannesburg-south-africa","7":"tag-benefits","8":"tag-everyone","9":"tag-mypr-co-za","10":"tag-richer","11":"tag-women","12":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/165405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=165405"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/165405\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=165405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=165405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=165405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}