The Wednesday Five: The Power of Single Women


Single Women are Big Homebuyers in Chicago

Nationally, single women are the second largest group of home buyers, behind only married couples. However, the single women in Chicago are bucking national trends and buying homes at higher rates. Alison Bowen of The Chicago Tribune tells us:

Nationally, single women make up 15 percent of all buyers — the second largest group behind married couples — according to 2015 data from the National Association of Realtors. That number has declined a bit since 2010, when the number was 20 percent. But in Chicago, brokers say single women are a force in the market, and some are snapping up homes at a rate higher than national trends.

 Read more at The Chicago Tribune.



Why Single Women Are Quicker to Jump Into Entrepreneurship

In addition to becoming homebuyers at increasingly faster rates, single women are also “becoming entrepreneurs at faster rates than both married women or men, according to government labor data,” writes Catherine Clifford for Entrepreneur. So, what are the motivating factors influencing single women to work for themselves? It includes a belief that they can make more money, a higher confidence in their own financial self-sufficiency, and a supportive community of other single women entrepreneurs.

Read more at Entrepreneur.

RELATED: Gender Pay Gap: Why the Problem Persists



Living Single: Five Questions Single Women Would Like to Stop Being Asked

Our resident single woman expert Eleanore Wells writes about the five questions that single women wish would be retired. They include: “Who will take care of you when you’re sick/old?” and “What happened?!”

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