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Women investors are stepping up their game, gaining confidence and taking some more risks. Yet they still lag their male counterparts when it comes to the amount of money they are putting to work in the market.
But women are expected to see an influx of wealth as part of what is being coined the “Great Wealth Transfer.”
Cerulli Associates anticipates $105 trillion in wealth will be passed down to heirs through 2048, with about $54 trillion of that inheritance going to spouses. Women, on average, live nearly 6 years longer than men, according to the Centers for Disease Control and Prevention. That makes them more likely to be the prime recipients of that wealth.
“We’re about to see this massive change in terms of who is going to control wealth,” said Stephanie Link, chief investment strategist and portfolio manager at wealth management firm Hightower Advisors.
