What women want

OCT 28, 2012
Regardless of the results of the presidential election next week, voters will be looking to their president to address and solve the country's key economic issues. For most young women, solutions include lowering taxes and cutting federal spending. According to a survey by Generation Opportunity, a nonprofit organization that engages young Americans on important economic matters, 77% of women 18 to 29 would decrease federal spending. Sixty-one percent of the group said that the economy grows best when individuals can create businesses without government interference. In addition, fully 68% said that lowering taxes on business earnings would encourage businesses to hire more. Overall, 69% said they think that lower taxes would lead to faster economic growth. Generation Opportunity conducted the online survey July 27-30 among 1,003 adults; 49% of the respondents were women. “I think it's insulting to women to be addressed as just caring about a narrow band of issues. Women care about the same issues as men,” said Amber Roseboom, executive vice president at Generation Opportunity. Although the Labor Department reported a 7.8% national unemployment rate last month, the rate for young women was 11.6%. “When you're in an environment with a very bad economy with historic levels of consistent unemployment, it's not surprising at all that women say they care most about good-quality jobs and the economy,” Ms. Roseboom said. Seventy-eight percent of the young women responding said that they plan to vote next week.

Latest News

RIA dealmaking accelerates as three firms hit AUM milestones
RIA dealmaking accelerates as three firms hit AUM milestones

Wealth Consulting Group, Coastline and Maridea report fresh capital, acquisitions and asset growth as advisor M&A keeps climbing

VastAdvisor closes $1 million SAFE round from advisor-side backers
VastAdvisor closes $1 million SAFE round from advisor-side backers

Carson Group's Dani Fava, Jason Pereira of Woodgate Financial, and Sally George of Convergency Partners led the raise as the growth-tech startup builds out its AI platform and leadership bench.

Wells Fargo adds three advisor practices as recruiting rebound continues
Wells Fargo adds three advisor practices as recruiting rebound continues

New teams from William Blair, Ameriprise and UBS bring more than $560 million in combined client assets to the firm's employee and independent channels.

UBS will pay advisors 'handsomely' for banking starting next year
UBS will pay advisors 'handsomely' for banking starting next year

Regulators this year approved UBS Bank USA’s conversion to a nationally chartered bank.

SEC accuses Tricolor executives of hiding $800 million collateral hole
SEC accuses Tricolor executives of hiding $800 million collateral hole

How a subprime lender’s car-loan bonds allegedly unraveled before bankruptcy.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income