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