Women to control 40% of global assets by 2030 - Bloomberg

By 2030, women in the United States will control 38% of investment assets, which will amount to $34 trillion.

Pish UNN z posilannam on Bloomberg.

Women are increasingly influencing global money management and charity, controlling significant amounts of money. According to forecasts of McKinsey & Co. by 2030, women in the United States will own актив 34 trillion in assets, accounting for about 38% of the country's investment assets. This is almost twice as much as last year's figure, and significantly exceeds $7.3 trillion, or 29% a decade ago.

This growth is driven by demographic changes: female baby boomers, who on average live longer than men, are increasingly inheriting family assets.

In addition, more and more women are building successful careers, which increases their financial impact. Casey Jorgensen, head of the Dynasty Financial Partners Institute for adaptive leadership, notes that women are increasingly becoming financial leaders in households through inheritance, divorce or career achievements.

This is a significant change for the United States, where half a century ago women could not open bank accounts or use credit cards on their own.

Today, among women with super-high fortunes (3 30 million or more), there are at least 62 billionaires who control 11% of the 9 9.9 trillion tracked by the Bloomberg Billionaires Index. This growing influence encourages the money management industry to adapt to a new customer audience, mostly male until now.

According to Julius Baer, the proportion of ultra-high-income women worldwide increased from 6.5% in 2010 to 11% in 2023 due to a combination of inheritance and their own wealth.

In the past, corporate dynasties were mostly passed on to their sons, but today more and more women are taking over.

In Western Europe, women already control a third of assets under management, which is about 4.6 trillion euros (4 4.85 trillion). McKinsey predicts that this share will grow to 45% by 2030, with women's assets growing by 8.1% annually, while men's assets growing by only 2.7%.

Thus, parity between the sexes in money management can be achieved by the early 2030s.

There is a huge economic opportunity for organizations to be more willing to meet the needs of women. Money management was developed when the heads of households were mostly male. It is worth taking a step back and asking: "Do we meet the needs of women?

Women, who control an increasing share of global assets, contribute to an increase in donations in the charitable sphere. According to a study by the Lilly Family School of Philanthropy at Indiana University, women of all generations and income levels donate to charity more often than men.

Research also shows that charity motivations vary by gender. Women usually sacrifice out of compassion, while men are more likely to be driven by personal interests. In addition, women tend to distribute donations to a large number of organizations.

According to Keri Schaffman, executive director of the UBS women's segment, women of different generations have their own priorities. Millennials are more focused on social justice, equality, and climate change, while Baby Boomers support religious organizations and initiatives to fight poverty.

Financial Advisors in the United States are also changing their approaches to better meet the needs of women. As Dynasty's Casey Jorgensen points out, clients value transparency and collaboration in financial planning, and strive to understand how their investments align with values and goals. Women often prefer to get to know a consultant in person before entrusting them with managing their finances.   

Maggie Bilby of Cyndeo Wealth Partners emphasizes that women value the creative and effective approach of consultants more than just their qualifications.

In addition, many women prefer female financial managers, which encourages firms to increase the proportion of women among their employees. However, in 2024, only 24% of certified financial planners were women.

Women are also gradually catching up with men in investing. According to a 2024 Fidelity survey, 71% of women owned shares, compared to 80% of men. However, this figure has increased significantly — from 60% in 2023 and only 44% in 2018.

Women are more likely than men to consider their investment approach "conservative", and more than 70% say they regret not starting investing earlier.

Women are very good at saving, but they have worked so hard to earn this money that they don't want to risk it. this seems nice, but it actually deepens the well-being gap

Recall

Women in Ukraine have created almost 155 thousand fops this year. Women opened the most cases in Sumy, Poltava, Khmelnitsky, Odessa and Kiev regions.