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- Did you know, according to 2006 Update of Key Facts about Women-Owned Business Research; that nearly 10.4 million firms are owned by women, employing more than 12.8 million people and generating $1.9 trillion in sales?
• Women businesses are growing at a rate of two times the rate of all businesses.
• Women are the primary breadwinners in 1 of 3 married couples (source Business Week, Jan. 28, 2003)
• Women have some unique needs
- Women live longer 79.8 years compared to males 74.4 years (Source: National Center for Health Statistics 2003).
- Women may have some time out of the workforce because of child rearing or caring for a family member.
- 90% of women will solely be responsible for their finances at some point in their lives (Source: Women in Philanthropy March 2003).
- 75% of residents in long term care facilities are women (source: Journal of Financial Planning September 2000).
- 85% of women wait to do financial planning until a crisis, such as death of a spouse or divorce (source: Making Change, Neale S. Godfrey).
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