Women will likely be the primary holders of wealth in the U.S. by 2030. An often overlooked aspect of the much-discussed transfer of wealth from Baby Boomers to Millennials is how this generational handoff can increase women’s financial influence.
Over the past five years, there has been a 30% increase in married women who make financial decisions, according to a study from McKinsey, and today they control around one-third of the financial assets of U.S. households. This trend is expected to continue: By 2030, women will likely manage over $30 trillion in assets. Now is the time for women to take control of their financial life, invest in financial education, and practice intentional and holistic financial planning.
