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Taylor Bowley, an economist at BofA’s America Institute, found that for the past five out of six years, women’s median discretionary spending growth has been stronger than men’s.
Bowley writes in the note seen by Fortune: “Continued strength in discretionary spending, especially as prices across some items within this category have fallen, suggests women have increased potential to drive economic growth.”
For the past two years, women’s employment growth has been greater than the average, though the pace in 2024 fell below the rate recorded in 2019.
The boom in employment is down to growth in so-called “women-intensive” sectors such as social services, personal services, health services, educational services, and apparel stores.
Citing the Bureau of Labor Statistics (BLS), BofA writes that in the demographic of prime-age workers (people aged between 25 and 54), the rate of women’s labor force participation excelled twice as quickly among women than men when compared to a year prior.
Looking ahead, the growth in school enrollments by gender revealed that men and women are now nearly on par—with male enrollments growing at approximately 1% and female enrollments growing at approximately 0.9%.
Despite women outpacing men in relation to growth in spending and labor force participation, their earnings still lag that of their male counterparts.
Men are going to be big mad about this. After thousands of years of oppression on our backs, Women have closed the gap in less than 50 years and women are already outpacing men in almost every aspect of life.
Hope they don't see this news. It will only give them more oomph in acting like hobosexuals.