Single women becoming the new yuppies
Article Abstract:
According to a report "The Single Female Consumer," released by the Intelligence Factory, social changes are making well-educated single women the industrial world's biggest consumers. Most single women around the world are not twenty-somethings waiting to settle down and get married. The report says that greater educational and career opportunities, combined with delayed marriage and high divorce rates, have made single women more independent. According to Statistics Canada, there were 6-million single women in 1999, compared with 7.3-million married women. In the US, the number of women living alone has increased by more than 33% in the past 15 years, to 30 million. Women are building their own picket fences and are taking care of themselves. The result is that women are showing more ambition and have disposable income. About 70% of Canadian women expect to be financially self-sufficient when they retire and are assuming control of their financial destinies through increased enrolment in company pension plans and the purchase of financial products.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
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Interns confident of millionaire status
Article Abstract:
According to a survey by accounting firm Ernst & Young, ; 52% of college and university interns expect to have a seven-figure bank accounts by the time they reach the end of their 40s. In addition, about 50% of them expect to retire in their 50s. Of the students surveyed, only 25% think they will never become millionaires, while 19% indicate that they will be millionaires in their 50s, and 30% expect to become so in their 40s. Seventeen percent say that they will be millionaires in their 30s; 5% in their 60s; and the remaining 5% in their 20s. In addition, 14% of those surveyed indicate that they would retire in their 40s; 5% in their 20s; 4% in their 30s; and 22% expect to retire in their 60s. Of those polled, 7% do not expect to ever retire. Seventy-six percent of students believed that they would be financially better than their parents were and about 30% of them plan to invest in long-term stocks or mutual funds.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
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Labels, retailers to battle for sales
Article Abstract:
Competition is brewing between music labels and retailers as record companies take steps to legally offer fans their own on-line jukeboxes through monthly subscriptions. Music will be available on the Web for a flat fee once EMI Recorded Music, Universal Music Group and Sony Music Entertainment set their subscription services up either directly or through retailers later this year. This new way of selling music, however, will lead to conflicts as to who will be able to sell the cheaper subscription service to on-line customers. This will also cause a drop in the sale of CDs, analysts say. US sales of digital music are predicted to soar to US$1.2-billion in 2004 from just $278,000 last year in the US. Some analysts even predict that record companies will probably be able to compete with retailers by selling the service at a lower price because they own the music.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
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