Investing
Massive Wealth Transfer Will Give Women $34 Trillion by 2030
A spike in female fortunes thanks to inheritance and career gains is set to transform investing and philanthropy around the world.
Women are controlling ever-greater sums of money around the world, setting the stage for major shifts in wealth management and philanthropy.
In the US alone, McKinsey & Co. expects women to control $34 trillion — or roughly 38% — of investable assets by 2030, close to double last year’s total. The figure was just $7.3 trillion, or 29%, 10 years ago.