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Monday, 2nd November 2009 Change Date Latest Issue

Women close gap in wealth

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Published Date: 25 April 2007
THE gap between the sexes when it comes to money is narrowing rapidly, a report has shown.
The number of female millionaires in Britain has been rising on the back of social trends - such as inheritance and the climbing divorce rate - according to independent market analyst Datamonitor.

While a male millionaire's wealth has increased by an average 9.2 per cent over the past eight years, the worth of a female millionaire has ballooned by 53.9 per cent.



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  • Last Updated: 25 April 2007 9:01 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Women and work
 
1

Dave From Barra,

Western Isles 25/04/2007 11:40:41

The number of female millionaires in Britain has been rising on the back of social trends - such as inheritance and the climbing divorce rate -

As apposed to earned. Women become wealthy by default following either death or divorce.

Annnddd???

2

Bien E. Bien,

25/04/2007 21:58:28

#2 - number 1 is essentially right.

The inference from the article is that there is a rising number of wealthy women because of higher divorce and inheritance values, not because of earned wealth or business success.

3

Dave From Barra,

Western Isles 26/04/2007 12:04:49

And judging by comment at 2, I can see why men earn more than women...coz we don't jump to conclusions!

Thank Bien for noticing the inference I was highlighting.


 

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