Women & Money: What You Need to Know
“You’ve come a long way, baby.”
That’s how Madison Avenue thought fit to congratulate women in 1969 on their many social, political, and economic advances.
Trouble is, women still had a long, long way to go when it came to equal financial rights. But there is good news:
Today women control 51.3 percent of U.S. wealth, and that percentage is expected to rise to 67 percent by 2030.
Women make 67 percent of all household buying decisions today.
They are expected to inherit $25 trillion from their parents and spouses by 2030.
In high-net-worth households, 88 percent of women are highly involved in managing family assets.
Today’s young women are better educated than their male counterparts.
Smart women know they’ve got to take charge of their own financial security. That’s because they face challenges men don’t. On average, they earn less, they work less, and they have fewer resources of our own. Yet they live longer and are more likely to be alone at retirement. That's why at every stage of life women need to plan for the unique challenges that they face.
How much do you know about women and money? Get the score with our short quiz: Women and Money.