Women are Making History in Finance—and Strides in Creating Wealth

Published on March 16, 2023

March is Women’s History Month—a perfect time to take stock of the many strides and contributions women have made to the worlds of commerce and finance. Those contributions have sometimes had a worldwide or regional impact, and the strides are often more personal. Either way, there is a lot to celebrate, and much work ahead as women continue to work hard to close the gender pay and wealth gaps.

As we noted in this 2021 Forbes Finance Council article, women have fought and progressed to be able to have credit in their names—but longstanding gender norms in families are still somewhat stagnant, although we see societal progress in that realm as well. That said, finance and investment education for women is on the rise, as are online investment platforms that cater to women:

Can you hear the glass ceilings shattering?

Gains in business

According to statistics from Fundera, women entrepreneurs—including women of color—are becoming a major force in commerce in the United States. One figure that stands out is that there are 114% more women entrepreneurs than there were 20 years ago, among others:

While these figures show promise for the future, others still show a need for more equitable progress:

Lots of room at the top for women leaders—and lots of success for the companies they lead

As a retirement services firm led by a woman founder and CEO, we want to see more women take on the world of finance. There is so much room for growth in this realm as these statistics bear out:

At Next Generation, we are fully behind woman-power in the workplace. Here are two amazing reasons why:

  1. Private tech companies led by women achieve 35% higher ROI
  2. Among companies in the portfolio of the seed-stage venture firm First Round Capital, those founded by women outperformed companies founded by men by 63%

For centuries, women have been behind great successes; we need look no further than the story of the three “Hidden Figures” behind NASA’s milestone moments to grasp that! And we will continue to push open more envelopes to create more opportunities for women in business. There’s no question that when companies keep their employment doors open to women and create a professional path to leadership, great things can happen. We salute all the women who are out there every day, making a difference for their families, communities, and companies!

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