WEALTH MANAGEMENT
* inspirational * Women in Finance | MiracleMel
“ WOMEN CONTROL 40 % OF GLOBAL WEALTH AND ARE ACCUMULATING WEALTH AT A FASTER RATE THAN MEN . MILLENNIAL WOMEN ARE EVEN MORE HIGHLY ENGAGED IN THEIR HOUSEHOLD ’ S FINANCIAL DECISIONS ”
CORY MCCRUDEN WELLBLY TECH
McCruden , who has studied the subject intently throughout her career , says asset accumulation and decumulation are different for women for a number of reasons . “ First , women live longer on average than men . Second , women spend less time in the labor market than men overall and experience more fluctuations in workforce participation . In fact , in some countries , they are even mandated to retire and exit the workforce at a younger age than men , even though they live longer . This results in less earnings and more volatility in their cash flow .”
But it ' s not just about working hours and salaries . Data , says McCruden , shows that women ’ s expenses tend to be higher . “ On average women pay more for health care and caregiving . A US Department of
82 March 2022