A new white paper by the World Economic Forum indicates that women are expected to experience substantial financial gains by 2030 from the great wealth transfer. With $30 trillion being passed down, demographic shifts in the financial industry and economy are likely.
Reports suggest that women are increasingly involved in investing and saving, with data showing that women are set to own the majority of wealth in the U.S. post the wealth transfer. The financial services industry needs to adapt to this shifting landscape.
"Women having more money is good for everybody," says Sallie Krawcheck, highlighting the positive impact of women gaining financial power. The momentum of this shift towards women's financial empowerment is expected to escalate.
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