How Women Will Supercharge the Global Economy
Midori Verity
CEO of Fuel to Fire | Host of ‘The Female Millionaire Show | 2x Exits | CEO of VIVA - a global community of women with influence.
What If we could increase the number of financially independent women by just 10%, we’re talking about a global ripple effect that would be impossible to ignore. This isn’t just another “what if”—it’s a game-changer. And trust me, once you see the numbers, you’ll be wondering why we aren’t making this happen faster.
Financial independence in the U.S. ranges widely depending on where and how you live. But - on average, having assets of $500,000 to $1 million is often a benchmark for achieving financial freedom.
1. Economic Growth on Steroids
When women get their financial footing, entire economies get a boost—seriously. We’re not talking small potatoes. If we add 10% more financially independent women globally, McKinsey predicts we’d inject $12 trillion into the economy by 2025. Yep, TRILLION with a T.
Let’s break this down with a visual example:
Fun fact: Women reinvest up to 90% of their income back into their families and communities, compared to men’s 30-40%. That’s more spending on education, healthcare, and better living standards, which leads to—you guessed it—stronger economies.
2. Entrepreneurial Boom
So, how do women gain financial independence? Many do so by starting their own businesses, creating jobs, and driving innovation. Women-led businesses, especially in sectors like healthcare, education, and sustainability, often focus on community-centered solutions that have long-lasting impact.
Imagine the impact of millions more women entrepreneurs bringing fresh ideas to the table. Not only would this create more jobs, but it would also spark new products, services, and industries that the world urgently needs.
Take, for example, the story of a woman in a developing country who starts a business, lifting her family and entire community in the process. Now multiply that by 10% more women doing the same around the world—that’s true innovation driven by financial independence.
3. Smashing Global Poverty
Here’s a mind-blower - for every year a woman stays in the workforce, her family’s poverty risk drops by 10-15%. When women control their own finances—whether through entrepreneurship or other means—poverty rates plummet, not just for themselves but for entire families and communities.
What this looks like:
A mother in India starts a business selling handmade jewelry. That income pays for her kids' school fees, better nutrition, and healthcare. Fast forward, her kids grow up healthier, better educated, and contribute more to the workforce. It’s like planting a seed that grows into an entire forest of prosperity.
Now, imagine this on a global scale—millions of women starting businesses, taking control of their finances, and lifting their families out of poverty. That 10% increase starts to look like a global antidote to poverty.
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4. Global Security & Stability
This one might surprise you - countries with greater gender equality are more likely to be peaceful and stable. In fact, peace agreements that include women are 35% more likely to last at least 15 years. Hello—can we please fast-track this?
Think about it - financially independent women are more empowered to participate in political processes, advocate for their rights, and hold leadership positions. That means more women in diplomacy, in government, and in local peace talks. With more women at the table, conflicts are less likely to escalate.
Here's a couple impressive gals - More women like Jacinda Ardern or Angela Merkel, whose leadership guided their countries through crises with steadiness and empathy. Now, increase that by 10%, and you're looking at more stable governments, fewer conflicts, and a global economy that’s not constantly derailed by political instability.
5. Stronger, Healthier Communities
This is one of my main drivers - women who are financially independent don’t just lift themselves—they uplift entire communities. As more women become financially secure, we see direct improvements in child education, healthcare, and overall community well-being.
Imagine a world where every community has more financially independent women. The International Food Policy Research Institute found that giving women the same access to resources as men could boost agricultural yields by 20-30%, effectively reducing global hunger by 12-17%. It's not just about financial growth; it’s about making the world a healthier, more equitable place.
Why This Matters to You
Boosting women’s financial independence isn’t just a women’s issue—it’s smart economics, smart business, and smart leadership. More women with financial independence means:
In short, supporting this shift is like ensuring the world runs smoother and more profitably—for everyone.
If you want to see this kind of progress in action, now’s the time to champion policies, investments, and initiatives that remove barriers for women entrepreneurs. Because when women rise, we all rise.
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1 个月This is a shocking stat every year a woman stays in the workforce, her family’s poverty risk drops by 10-15%! Thanks for this informative piece!