1 in 4 women to be main breadwinner by 2030 The wealth of women

A report by National Savings and Investment, says that one fourth of women in the UK are expected to be the household’s breadwinner by the year 2030. For the moment, it found that women are increasingly contributing towards the household income and taking control of financial decisions, a dramatic shift from the 1950s.
The report forecasts that a shift in power will occur by 2020, when more women than men will have the last say regarding home financial decisions. In 2007, men in 20% of households made key financial decisions. Although women continue to earn less than men per month (£1,080 against £1,486), 20-something female earners were catching up.
William Nelson, of the Future Foundation who was commissioned for the study, said: “In 2007, we are seeing the emergence of a generation of women who are better educated, more ambitious, and more financially confident than any before them. This generation is already more likely to handle day-to-day financial matters than their male partners, and demands to have at least an equal say in the big decisions,” he added. Dax Harkins, NS&I’s senior savings strategist, added: “Women have a stronger hand to play than in the past, and will be the key decision makers in many households within a generation.”

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