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

Fed's Bowman pushes for lighter-touch AI oversight at smaller firms
Fed's Bowman pushes for lighter-touch AI oversight at smaller firms

Supervision vice chair speaks following recent launch of AI adoption practices by regulators.

Why fixed income still belongs in your clients' portfolios
Why fixed income still belongs in your clients' portfolios

In an era of AI euphoria and market FOMO, getting back to basics with fixed income may be the most contrarian and most important move advisors can make.

Voya expands advisor managed accounts to add private market assets
Voya expands advisor managed accounts to add private market assets

Voya Financial adds private equity, credit and real estate options to its AMA program, building on support for looser federal investment rules in retirement accounts.

With executives leaving, Osaic’s Reid now in the spotlight
With executives leaving, Osaic’s Reid now in the spotlight

Shannon Reid, president of Osaic and the network’s number two executive, has plenty of challenges, industry executives said.

Investors sue crypto fund and platform, alleging $1.5 million never returned
Investors sue crypto fund and platform, alleging $1.5 million never returned

Auditors flagged the commingling. The COO allegedly knew. Investors kept getting the pitch

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

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.