March 13 2024- An $80 trillion wealth transfer is projected in the next 20 years, with women poised to benefit significantly. This shift is anticipated to reduce the gender wealth gap and stimulate the economy. Women are likely to invest in female-focused ventures, philanthropy, and environmental conservation, a trend termed “the feminization of wealth.” A study by Ellevest examined wealth distribution patterns, gender pay disparities, and women’s investment behaviors, revealing growing financial confidence among women. As women inherit substantial sums from older generations and deceased male spouses, they are expected to control a significant portion of wealth, potentially surpassing $30 trillion by 2030, exceeding the national GDP.
