Posted on 04/21/2005 9:56:25 PM PDT by FairOpinion
Female millionaires will outnumber their male counterparts across all age groups within 20 years, says research published today. It describes women as the "financial powerhouses" of Britain.
The study predicts that women will own 60 per cent of the nation's personal wealth by 2025, with many using their professional and personal skills to extraordinary financial effect.
At present, women millionaires between the ages of 18-44, and over the age of 65, outnumber male millionaires, the report says. They own 48 per cent of the nation's personal wealth.
But significant change will occur as a result of the rise in "financially sophisticated younger women", who will swell the numbers of those who inherit their wealth.
Many more women will own property - property ownership has helped to catapult women in business - and girls are performing better than boys at school, obtaining traditionally male, high-powered jobs.
Women are also living longer and are more likely to inherit. Then there are those who marry - and divorce - "well".
Women are increasingly using their business wiles to gain financial rewards from their private lives. In America they are classified as Boomers (those who have inherited their husband's wealth) and Sarahs (Single And Rich And Happy) who have made their cash through clever wrangling in the divorce courts.
Claire Symonds, a spokesman for Coutts Bank, said: "Women are benefiting from enormous divorce settlements, commonly leaving them 50 per cent of all marital assets, and wising up to their financial rights."
The research, carried out by the Centre for Economics and Business Research, for the Liverpool Victoria friendly society said there were 47,355 women millionaires aged between 18 and 44 compared with 37,935 men.
In the over-65 group, women millionaires outnumber their male counterparts by 71,369 to 67,865.
Although men still earn more on average than women, the pattern is changing.
One wretched golddigger was more than enough for me. Fortunately I didn't have too much to lose then and learned my lesson to plan ahead. :)
Now we can look for SugarMommas ;)
I feel so left out. Where did I go wrong? Why didn't I fleece my ex-husband in the courts and swindle other men when I was younger and had the chance? I blew it!
Its not too late. There are plenty of us old koots out there who are just as dumb as we were when we were younger. I gave two husband-in-laws a good running start on wealth. I started with nothing and I still have most of it left.
Imagine the fact that the gender gap is finally equal. I'm glad that even allegedly self respecting republican women are degrading themselves. Golddiggers and divoricees? Come on, ladies.
This reminds me of the late Alan King's routine in which he would talk about how men worked their whole lives and lived frugally in order to leave a large estate for a widow who could live it up. King would pick up the newspaper and read out the obituaries of one prominent and successful man after another "survived by his widow."
Dumbed down? Apparently your mind was numbed a little too much. Cheers.
Just trying to be nice to you ladies. Should have known better.
"I started with nothing and I still have most of it left."
LOL. But I bet you acquired lot of valuable experience. ;)
I suppose it was valuable, I paid a lot for it. I have yet to decide whether I was persistent or just a slow learner. Oh well, my kids seem to benefit from it. They think I am wise. I guess I am still able to fake it.
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