Amida Wealth Advisors’ Post

“The Great Wealth Transfer that is expected to occur over the next two decades will see more than $80 trillion changing hands between generations in the U.S. alone, according to some estimates. Women are expected to receive a big share of that, in large part by inheriting money from male spouses who pass away, on average, years earlier.” Let’s hope we see more inspirational stories like that of Ruth Gottesman who donated $1B of her recently inherited net worth to Medical School in the Bronx to make tuition free for ALL future students! #GreatWealthTransfer #FeminizationOfWealth #ImpactInvesting #WomenOfWealth #WomenAndMoney #Women

Women and Wealth: Breaking Stereotypes  Are there gender differences in wealth accumulation? Discover the truth about women and investing in our latest article. 📖 Read the full article for insights: https://lnkd.in/gUiD-Heh #WealthManagement #GenderAndInvesting #FinancialEmpowerment

Why the Great Wealth Transfer Is Making History for Women and Wealth Despite the fact that more women have been graduating from college than men since the 1990s ► Only 10.5% of ASX 200 leaders are women ► Just 0.7% of all venture capital in Australia goes to 100% female-founded and led businesses. ► And women in Australia are still retiring with more than 30% less than their male peers - and it’s not all because of the time given to caregiving despite that being a strong narrative. ► And there is an ongoing and persistent wage gap currently sitting at around 13% on average. 
BUT, we’re about to see a tectonic shift in finances and power because the “𝗴𝗿𝗲𝗮𝘁 𝘄𝗲𝗮𝗹𝘁𝗵 𝘁𝗿𝗮𝗻𝘀𝗳𝗲𝗿” that’s about to occur from Baby Boomers 𝗺𝗼𝘀𝘁𝗹𝘆 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝘄𝗼𝗺𝗲𝗻 Right now, half of all wealth is held by Boomers. Over the next 20 years, it will be inherited. And women will control more money than they ever have. WHAT’S THE UPSHOT? What’s going to happen as a result of this history making tectonic plate shift when it comes to gender, money and power? We don’t know because it’s near happened says this great article by Emily Green over on 𝗘𝗹𝗹𝗲𝘃𝗲𝘀𝘁 HOWEVER WHAT WE DO KNOW ► Women tend to donate a higher % of their wealth to NFPs - and often female supporting NFPs at that, addressing issues like reproductive rights, women’s health, and violence against women. ► Many more women will start business - and women tend to hire more women ► Women are more likely to invest in companies more aligned with their values To list a few. It’s a fabulous article and definitely worth a read The future is looking very rosy indeed! 😎 Let’s make history - because when women win, everyone wins 💪🏻 YOUR THOUGHTS? 👇 #leadership #professionalwomen #careers www.AmandaBlesing.com

🙌🏻 👏🏻 🙌🏻 By 2030, women are set to inherit a significant portion of the $68 trillion being passed down as part of the greatest generational wealth transfer in history! While we've traditionally lagged behind men in financial resources AND opportunities, AND still only earn 80% of what men make (thanks to the gender wage gap), women have a longer life expectancy than men. This wealth transfer can be a game-changer for women IF we're prepared to take proactive roles in our financial futures! #BEPREPARED Thanks to Jessica Dickler for spotlighting this in the her CNBC article. #womeninfinance #wealthmanagement #financialplanning #wealthjourney #wealthmanagement #wealthbuilding

The Time to Invest in Women's Economic Power is overdue! 💼💪 Women deserve equal footing in the world. But as this year's IWD theme demonstrates, the gender wealth gap goes far beyond just the pay and superannuation gaps. From financial services and systems that perpetuate gender inequality to a lack of gender-responsive services tailored to women's unique needs and experiences, women are consistently being left behind. 💰🚺 In Australia alone, the lifetime wealth gap between men and women is a staggering $1 million (The Australia Institute). This financial inequality carries over, with older women being the fastest-growing demographic facing poverty and homelessness (Australian Human Rights Commission). Studies also show women have lower financial literacy, confidence and access compared to men (Global Financial Literacy Excellence Center (GFLEC). 📉🏠 While some progress is being made (e.g. the Federal Government's recent commitment to pay superannuation on parental leave), it's a small step on a long road. 🚶♀️ This is why we've created Penny. Economic equality is the foundation for women's overall empowerment. When women are on an equal footing financially, they gain greater independence and decision-making power. This economic security translates into having a voice in relationships, pursuing education and careers, and participating more actively in society. 💼💡 Financial empowerment isn't just about money; it's about breaking free from limitations and having agency to make your own choices. 💸✨ 📰 Read the Special Broadcasting Service (SBS) Australia article on parental leave payments: https://lnkd.in/gZBe6HfM Find out more about how we're investing in women: at www.urpenny.com 🏷️ #CloseTheWealthGap #InvestinHer #FinacialEmpowerment #WomenSupportingWomen #PennyCommunity

🏦 As a professional in the the financial sector I agree with the author of this article when she states that, " It’s not enough to just talk about what women are earning, but also what they’re keeping and how they’re growing what they’re keeping. Learn more about the financial service sector's role in closing the gender wealth gap.

🏦 As a professional in the the financial sector I agree with the author of this article, Tamara Kostova, when she states that, It’s not enough to just talk about what women are earning, but also what they’re keeping and how they’re growing what they’re keeping. Learn more about the financial service sector's role in closing the gender wealth gap. https://lnkd.in/gZUXPv4R

The world needs more women fund managers according to HESTA’s CIO Sonya Sawtell-Rickson. Rickson is investment chief of A$74 billion ($50.6 billion) superannuation fund HESTA, Melbourne, which also boasts a female chief executive officer and an investment team made up of 42% women. HESTA issues a biennial survey which adds to mounting data showing just how much progress is needed before workforce gender parity, including equal pay, is reached. The report recommends that firms set time-bound targets for gender diversity, conduct regular analysis of the gender pay gap and have inclusive recruitment and promotion practices. Read the full article via Pensions & Investments by Bloomberg in the comments section below.

Month 2 of attempting to write… ✍️Why we should be talking about a gender wealth gap✍️ This months blog dives into why it’s a gender wealth conversation we should be having and not just a gender pay one 🦸♀️ As part of the 16% female financial adviser population I’ll always be beating the drum for closing the gap and financial education in the female space 👩🏫 #financialplanning #femalesinfinance #genderwealthgap

Girls, do not be afraid to invest your money and take risks! « The UK’s gender investment gap has widened as more young men choose to invest while women hold on to cash due to risk aversion and a lack of confidence, according to a survey » An eye opening article on the gender INVESTMENT gap in the UK, mainly due to how Women have been conditioned towards money and risk taking. « The average amount held by male investors is £102,000, compared with £66,000 for women. » and has been widening in past years in the UK… Interestingly, « this gender gap comes into play at an early age, even before the typical culprits of childcare and pay gaps appear. » #gendergap #womenandmoney