Women on Track to Inherit Trillions, but Readiness Lags

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Source: USA Today
Women on Track to Inherit Trillions, but Readiness Lags
Photo: USA Today
TL;DR Summary

Women are set to control the majority of the $124 trillion Great Wealth Transfer through 2048, with widows likely to receive much of the first wave and female assets projected to rise to about 38% of U.S. wealth by 2030, yet surveys show a big readiness gap: about 84% of women lack confidence in handling inheritances, and many feel overwhelmed. Experts say advisers must engage women early, include them in planning, and address emotional and social aspects of money; new estate-management platforms aim to ease administration, and women’s philanthropy could grow as wealth expands.

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