Wednesday, March 19, 2008

Asian women wealthier?

Power to the Asian woman! According to a report, titled ‘Barclays Wealth Insights: a Question of Gender’, published by Barclay’s Wealth, Asian women –Asian women wealthier? including Indian businesswomen – are generating more wealth than their counterparts elsewhere in the world. And it’s not just their affluence that is growing – it’s also their influence! Being Britain’s leading wealth manager, Barclays sure knows what it’s talking about: “the affluence and influence of women is growing globally and is increasingly fuelled by their own individual enterprises – highlighting that the perception of inheritance and marriage as the lead sources of female wealth is out-dated.” Compared to any other global regions, in Asia, 26% women cited income from a business as “their main source of wealth”, whereas, globally, 20% women show income from a business as their main source of wealth. What’s more, women in Asia “are often more thoughtful and purposedriven when it comes to investment behaviour”, the report added. Women consider education to be the single most important factor of wealth generation: while school education was cited as the key factor by Middle Eastern and African women (55.6%), Europeans (55.7%) and North Americans (60%) felt that university education was the most important.
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Source: IIPM Editorial, 2008
An
IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative