Friday, June 27, 2014

The Growing Power of Women

The annual U.S. Trust Insights on Wealth and Worth survey, which was released last week, points up how the financial landscape has evolved here in America, particularly in response to the demographic changes that have transformed our nation. One of the most important trends, one that shows no sign of abating, is the increasing importance of women in forming estate plans.


According to U.S. Trust, more than half  - 52 percent - of women came into their marriage or relationship with financial assets equal to or greater than their spouse or partner. One third of all women are now the primary income earner in their household, or contribute equally to the household's wealth. 

One estimate shows women controlling $14 trillion in assets right now, which is about 50 percent of the nation's total wealth. That figure that is expected to grow to $20 trillion by 2020.  

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