Stat: Women drive US wealth shift

US – A seismic shift in wealth is under way as women gain financial control through career success and inheritance. By 2030, women in the US are projected to control £27.2 trillion ($34 trillion, €32.7 trillion) in assets, nearly double the total in 2022, according to McKinsey & Co.

A key driver is evolving demographics: Baby Boomer women outlive men by five years on average and high-net-worth husbands are increasingly leaving their wives in control of family fortunes. At the same time, many women are pursuing lucrative careers.

Despite this wealth transfer, challenges remain. Women earn 84% of men’s income, hold 12% of C-suite roles in public companies and face lower investment participation (sources: Institute for Women’s Policy Research, S&P Global).

But, as more women join the ranks of the world’s richest, the wealth management industry must adapt to attract and retain new clients. In our FemFin: Female-forward Finance report, we unpacked how women are pioneering a financial system change and why financial service providers should take note.

To find out more about the fast-changing future of wealth and how it is set to change the world, head to our The Great Wealth Transfer macrotrend report.