Sheryl WuDunn: Women & Small Businesses
on Saturday, November 26, 2016Sheryl WuDunn Money Quote saying women spend on creating small business rather than wasting it on entertainment and so-called fun activities. Sheryl WuDunn said:
“When women gain control over spending, less family money is devoted to instant gratification and more for education and starting small businesses” — Sheryl WuDunn
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In this quote, Sheryl WuDunn seems to be suggesting that when women have more influence and decision-making power over household finances, it can lead to spending choices that benefit the family’s long-term welfare and economic security. Some key points:
- WuDunn notes that with women in control of spending, less money goes towards “instant gratification” or short-term consumption and indulgence.
- Instead, a greater portion of funds are directed towards “education” and “starting small businesses” – investments that generate returns over the long-run through skills, knowledge and entrepreneurship.
- She appears to be arguing that female financial decision-makers take a more patient, strategic approach focused on building assets and opportunities for the future rather than solely immediate pleasures.
Overall, the quote conveys WuDunn’s view that empowering women’s voices in family budgeting and spending can positively impact spending priorities in a way that strengthens long-term family prosperity and economic empowerment.