Check the link, it is extremely fascinating, but this is the relevant section:
>Women account for 85% of all consumer purchases including everything from autos to health care:
91% of New Homes
66% PCs
92% Vacations
80% Healthcare
65% New Cars
89% Bank Accounts
93% Food
93 % OTC Pharmaceuticals
American women spend about $5 trillion annually…
Over half the U.S. GDP
The list must be referencing "items purchased" rather than "dollar-wise". It is by no means definitive of the answer who makes more expensive purchases, but if women are buying 9 out of every 10 new houses, 65% of new cars, and 80% of healthcare plans what big ticket items are left for men to buy to outspend women?
Now the part at the end about $5 trillion being 1/2 the US GDP, might not be an error but be more telling of when these statistics are from (US GDP currently closer to $15T). Nevertheless like in my OP, the numbers are mind blowing, consider the following:
GDP = private consumption + gross investment + government spending + (exports − imports)
Or
1/2 GDP = women spending = (private consumption - women spending) + gross investment + government spending + (exports − imports)
>Women account for 85% of all consumer purchases including everything from autos to health care: 91% of New Homes 66% PCs 92% Vacations 80% Healthcare 65% New Cars 89% Bank Accounts 93% Food 93 % OTC Pharmaceuticals American women spend about $5 trillion annually… Over half the U.S. GDP
The list must be referencing "items purchased" rather than "dollar-wise". It is by no means definitive of the answer who makes more expensive purchases, but if women are buying 9 out of every 10 new houses, 65% of new cars, and 80% of healthcare plans what big ticket items are left for men to buy to outspend women?
Now the part at the end about $5 trillion being 1/2 the US GDP, might not be an error but be more telling of when these statistics are from (US GDP currently closer to $15T). Nevertheless like in my OP, the numbers are mind blowing, consider the following:
GDP = private consumption + gross investment + government spending + (exports − imports)
Or
1/2 GDP = women spending = (private consumption - women spending) + gross investment + government spending + (exports − imports)