What We Already Know About the Little Princess's Life
SHE'LL INHERIT THE THRONE BEFORE A YOUNGER BROTHER
Yes, the new little princess is the "spare," not the heir, but she still has a pretty important place in the line of succession. What's more is that for the first time ever in British history, her place can't be usurped by a younger brother. Just after Prince William and Princess Kate's 2011 wedding, the British Parliament abolished primogeniture in the monarchy, which places male children ahead of their elder sisters in the line of succession.
SHE'LL BREATHE NEW LIFE INTO THE MONARCHY
Literally. It's been 25 years since the birth of Princess Eugenie, meaning it's been 25 years since the birth of the last little princess in the monarchy. With Princes Charles, William, Harry and George, we’ve got plenty of boys in Buckingham Palace – having a little girl around for the first time in decades will offer some (exciting!) variety.
SHE'LL HELP THE CAUSE FOR FEMALE EQUALITY
Around the world, people are talking about women's rights more than ever. And in a nation that's been successfully led by a woman for more than 60 years, the arrival of another female heir to the throne is cause for celebration. The birth of a baby princess is just another opportunity to get psyched about being a woman – and will hopefully have a lasting effect on the fight for gender equality.
SHE'LL BE A STYLE ICON LIKE MUM AND GRANDMA
For the past five years, we've seen "The Kate Effect" – Princess Kate's seemingly magical ability to sell out an item of clothing within minutes of wearing it – grow stronger and stronger. It's a trait Kate has passed along to her son Prince George – and there's no doubt that her daughter's fashions will be similarly coveted.
SHE REPRESENTS A SHIFT IN THE FAMILY
Remember way back in the 1500s, when Henry VIII divorced and beheaded a wife for failing to give him a son? Boy, would he have been shocked by the overwhelming public desire for Will and Kate's second-born to be a girl – even from senior royals like Prince Charles. While that ultra old-fashioned mindset was largely abandoned decades ago, it's still a lovely reminder of how far we've come.
SHE'LL BOOST THE ECONOMY
When you're a royal, a new baby isn't just good for the family – it's good for the country. Joshua Bamfield, director of the U.K.'s Centre for Retail Research, told CNBC that the second royal baby's arrival will bring a $120.4 million boost to the British economy. And a baby girl's birth will only keep that momentum going – Bamfield thinks that the retail industries are bound to see a long-term uptick (see "The Kate Effect" a few slides back) because of the little princess.