It’s a financially historic time for many Americans. U.S. households currently have the largest accumulation of wealth ever due to home price increases and stock market performance. According to December Federal Reserve figures, households’ net worth grew to a record $168.8 trillion in the third quarter of 2024.
Wielding this kind of financial impact is great news for women. With the “great wealth transfer” underway, women stand to inherit trillions of dollars in the coming years. We’re also investing at higher rates than ever before. But for boomer and Gen X women, this new wealth coincides with an all too real financial burden that can hamper their wealth accumulation and retirement plans. With five generations of women now in the workplace, employers can play a pivotal role in addressing these unique retirement planning challenges.
