Women are earning, spending, and influencing spending at a greater rate than ever before. In fact, women account for $7 trillion in consumer and business spending in the United States, and over the next decade, they will control two thirds of consumer wealth.
Women make or influence 85% of all purchasing decisions, and purchase over 50% of traditional "male" products, including automobiles, home improvement products and consumer electronics.
BUT 91% of women say that advertisers don’t understand them.
Recognizing the power and influence of women needs to be a top priority for marketers if they are going to tap into the market’s full potential.
Of last year’s top 100 films, 47 had no black female characters at all, 66 had no Asian female characters and 72 had no Hispanic female characters.
Madeline Di Nonno, the chief executive of the Geena Davis Institute on Gender in Media, said it made financial sense for the film industry to embrace diverse creators and stories. “It’s really important, to effect change, to talk about the social imperatives, but also you have to marry them with the business imperatives,”
Ms. Di Nonno said. “Guess what, Hollywood. Female-led films consistently make more money, year over year over year. You need to think about that as you’re looking at your green lights.”