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The CSRA SHEconomy: Are Small Business Owners Benefiting?

Oct 8, 2019 3:15:00 PM / by Larry Julius

Last week, according to Nielsen, 94,966  single, adult women tuned-in to an Augusta, GA radio station.  This is 89% of every consumer who fits this description.

Why should Central Savannah River Area small business owners take note of this demographic? A study by investment bank Morgan Stanley finds 41% of working-age women are single. That number is expected to increase to 45% over the next ten years.

The study, called 'Growth of the SHEconomy', indicates that single women outspend the average household in many retail categories. Remarkably, says, Erica Sweeney of MarketingDive, "Women purchase more than half of products traditionally considered 'male' including autos, home improvement products, and consumer electronics."

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