WEALTHTRACK cover image

WEALTHTRACK

51% of Personal Wealth in the U.S. Is Controlled by Women

Jun 29, 2019
25:27

Better financial advice for women with Yie-Hsin Hung, one of the most powerful women in finance. 

The economic might of women is large and growing. According to research put together by New York Life Investment Management, 51% of the personal wealth in the U.S. is controlled by women - an estimated $22 trillion worth. 

That number is expected to jump by 30% percent to nearly $29 trillion over the next 40 years as intergenerational wealth is handed over. Women are the key financial decision makers: 96% of women have primary or shared responsibility for family financial decisions, yet there is a gap in how women view and handle money. 

Women score lower than men on financial literacy tests, and women invest less - by one study, 40% less.

Yie-Hsin Hung is determined to change this dynamic, and she is in a position to do that. 

WEALTHTRACK #1554 broadcast on June 28, 2019.

https://wealthtrack.com/51-percent-of-personal-wealth-in-the-u-s-is-controlled-by-women/

https://wealthtrack.com/women/

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode