Tuesday, April 26, 2005

Philanthropy has a long way to go, baby

Philanthropy has a long way to go, baby: "Philanthropy has a long way to go, baby
BONNIE ERBE
SYNDICATED COLUMNIST
Women are becoming the richer gender. Men have nothing to fear. It's happening in the United States. It's happening the world over. But the transition of more wealth landing in the laps of the gentler gender isn't changing things the way some women had hoped.
The Times of London reports, 'Women will be the richer sex by the year 2025, owning 60 percent of the United Kingdom's personal wealth, compared with 48 percent today.'
Wealth leapt over the gender divide on this side of 'the puddle' during the last millennium. I interviewed a New York University professor in 1999 who had analyzed U.S. Treasury figures showing U.S. women controlled just more than 50 percent of the wealth in this country. The trend was in women's favor to continue increasing their share."

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