💳👛Women play an important part in the economy as decision-makers on how to spend money. Here's how ⬇️ TheCitizenBusiness
They account for 40% of the national income and makeup just more than half of all working adults, although they have a higher unemployment rate than men.
Only about half of all women were recorded as economically inactive compared to two-thirds of all men.The vast majority of South African women are employed in elementary occupations , such as street vendors or domestic workers. Five female-dominated occupations in the elementary sector make up 13.2% of the entire South African labour force.Street vendors, sweepers and cleaners account for 1.
Nearly half a million more women have tertiary degrees than their male counterparts, while ten years ago this gap was only 170 000. In addition, more than 200 000 more women currently work in higher education.BrandMapp data found women are significantly less bold than men at taking financial risk, and are also less likely to have investments such as shares and crypto.
“Beyond their influence on the sports field and bolstering earning potential through education, the already impactful shift in spending power is notable. Retailers and financial services providers should consider how to best grow products and services that cater to the growing financial role of women in our society.”
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