According to experts, this newfound financial power is mainly due to the fact that more women are achieving higher education than before. Recent data show that, among young people within the ages of 25-34, 47.2% of the women are college graduates, compared to only 37% of the men. New Jersey females also outnumber males in colleges and universities, in the ratio of 115:110; and interestingly, more and more female college students are entering the fields that were once dominated by men and which offer relatively higher income, such as science, engineering, and business.
It was also found that career women nowadays are also putting off family life, with the average marrying age up to 27, compared to 23 in the 1990s. With little to no obligations other than themselves, they are able to afford a more comfortable lifestyle; and have the disposable income to spoil themselves with material fancies. Diamonds, in particular, are seen as rewards for their effort, and are flaunted as a tangible representation of their success.