The Future of Women and Wealth
Studies show an unbelievable wealth transfer in which women are controlling more wealth in this country than ever before. LIMRA estimates women will control $30 trillion in U.S. assets by 20301.
Women’s wealth in the U.S. and Canada has grown at a pace 180% faster than men’s wealth between 2016 and 2021, according to a Simon-Kucher study2. This shift isn’t temporary; it’s a trend with significant implications for the industry.
Lori Seaton, Director, Strategic Business Development, shares her thoughts with Insurance News Net on the future of women and wealth.
1. Source: LIMRA, “Understanding the U.S. Women’s Market,” 2022, www.limra.com/siteassets/newsroom/help-protect-our-families/2022/march/feature/understanding-the-women_fact-sheet.pdf
2. Source: Simon-Kucher, “Wealth Management: Building a Winning Client Experience for Women,” 2022. https://www.simon-kucher.com/en/insights/wealth-management-building-winning-client-experience-women-book