We want to eliminate the wealth & equity gap in our country.
“At Beset, we want to eliminate the wealth and equity gap in our country. I found financial stability and my first opportunity to build wealth through entrepreneurship. After a successful exit from my first business, I began to research how my experience and knowledge could create positive change for others. All my research pointed me back to one critical social issue—the wealth gap.
There’s so much work left to do. We’re fired up, we’re gathering a rich network of partners, and launching new programs every year based on what we hear about the needs of women entrepreneurs and leaders.”
- Briea O’Duinn
What is our focus for having an impact in eliminating the wealth gap in the U.S.?
At Beset, we are on a mission to eliminate the wealth gap in the United States by empowering women leaders and purpose-driven business owners. We believe that by addressing systemic barriers and providing opportunities for women to thrive, we can create a more equitable and prosperous society for all. Our commitment is rooted in research that demonstrates the transformative impact of empowering women on economic growth, health, innovation, and poverty reduction.
Empowering Women to Close the Wealth Gap:
Poverty Reduction: Empowering women economically is one of the most effective strategies for reducing poverty and inequality. According to the World Bank, women reinvest up to 90% of their income into their families and communities, compared to 30-40% for men. By supporting women-owned businesses and providing access to financial resources, we can create pathways to prosperity and economic security for all.
Health and Education: Studies consistently show that investing in women's health and education leads to healthier families and stronger communities. For example, every additional year of schooling for girls results in a 10% increase in their future earnings. By prioritizing access to education and healthcare for women and girls, we can improve outcomes and break the cycle of intergenerational poverty.
Leadership and Innovation: Diverse perspectives drive innovation and improve decision-making. Research from Pivotal Ventures highlights that companies with more women in leadership positions tend to outperform their peers in terms of profitability and innovation. By empowering women to take on leadership roles and fostering inclusive workplaces, we can unlock new opportunities for growth and success.
Economic Growth: Research from the Bill & Melinda Gates Foundation reveals that closing the gender gap in labor force participation could add up to $28 trillion to the global GDP by 2025. In the US, increasing women's participation in the workforce and closing the gender pay gap could significantly boost economic growth and narrow the wealth gap between men and women.
As we strive to eliminate the wealth gap in the US, we recognize the critical role that empowering women plays in achieving this goal. By leveraging the insights and evidence from research, we are committed to advancing policies, programs, and initiatives that support women leaders and entrepreneurs. Together, we can build a future where every woman has the opportunity to succeed, thrive, and contribute to the prosperity of our nation.