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NextGen Magazine

 
 

Single Women Set to Reach Record Proportions in Workplace

By:
Chris Gaetano
Published Date:
Aug 29, 2019
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A recent article in CNN Business says that the future will not only be female, it will be single, as projections show the proportion of working women aged 25 to 44 is set to reach record proportions. As of last year, 41 percent of working women in this age range were single, and by 2030, Morgan Stanley analysts believe this figure will rise to 45 percent, which will be the largest share in history. The financial firm said that because single women tend to outspend married women, and in different places, this shift will start having an impact on the shape of the economy. For instance, the analysis said that single women tend to spend more on footwear, personal care, food, luxuries and electric vehicles than married women. It advised companies to keep this demographic change in mind when considering strategic decisions and workplace benefits.