Women Becoming A Big Force In The US Economy
In the United States, the majority of women are single and they have become a major force in the economy. Single women now account for a significant portion of the job market, homeowners, and college graduates. However, the economic impact of these demographic changes on the wages and wealth of women requires further exploration.
Examining The Impact Of Women In The Economy
So what has been the impact of single women on the economy? Single women account for around 25% of all job market participants, with the rate of single female homeowners higher than that of married female homeowners, 47% compared to 36%. Single female college graduates are also outpacing married female college graduates, 57% to 41%. However, the story does not always equate to economic success for all single women.
Price-Raising Strategies
Furthermore, an increasing number of business owners are opting for price-raising strategies, known as “excuseflation”. This has been seen with the rising prices of airline tickets, food, and even gas. It is also seen in the fashion industry with a “hot trend” of mending clothes — where items of clothing are mended and repaired in order to reduce the cost of buying new clothes.
It’s clear that single women in the United States are having a significant economic impact. Furthermore, it’s evident that this doesn’t always equate to increased wealth and higher wages for women. Business owners are increasingly opting for price-raising strategies, and the trend of mending clothes has become increasingly popular in the fashion industry.