The Buck Starts Here: Accounting for Women’s Spending Power

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The Buck Starts Here: Accounting for Women’s Spending Power
France Dernières Nouvelles,France Actualités
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Heard on the Street: As women gain economic clout and spending power, companies must change not just what they sell but how they sell it in order to take advantage.

By Justin Lahart and Laura Forman Sept. 7, 2019 10:00 am ET Last in a series on Women in the Economy There is little doubt that women’s growing economic power will radically alter the American marketplace. What exactly the consumer landscape will look like, though, and who will benefit, is where things get fuzzy.

One thing that does seem certain, says Ms. Meyer, is that as women earn a greater share of household income “they will have a greater contribution to how that income gets allocated.” Changes in how women spend their time could also reshape how they spend their money. In 2018, women who worked full time worked and slept more on weekdays than they did in 2003, Labor Department figures show. In doing so, women spent less time participating in activities such as shopping and household chores. These changes could bolster e-commerce businesses, including the growing array of grocery delivery options and outsourced services through platforms like TaskRabbit.

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