In a recent report from Needham & Company, analysts Laura Martin and Dan Medina discuss the implications of the continued growth in women’s earning and purchasing power in the United States.

Earning Vs. Spending

Despite lower average earnings, women in the U.S. account for the vast majority of U.S. consumer spending. In 2013, women were responsible for 80 percent of consumer spending in the U.S. while taking home only 42 percent of the total wages earned that year. These numbers indicate that women spent more than twice as much relative to their earnings compared to men.

Closing The Salary Gap

As women’s earnings growth continues to outpace men’s, the economic influence of women in the U.S. could…

Read the rest of this article (and all my other articles) for free on Benzinga by clicking here

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!