Latest news with #SallieKrawcheck
Forbes
24-07-2025
- Business
- Forbes
Women Are Redefining Wealth, And The Future Of Investing
A quiet revolution is underway. As trillions of dollars prepare to change hands in what economists are calling the 'Great Wealth Transfer,' women are poised to inherit and control the majority of that wealth. But this isn't just a financial milestone, it's a cultural reset. Women investors are not only shaping the future of finance; they're reshaping the future of impact. The $84 Trillion Shift, and Who Benefits Investing in what's next Over the next two decades, an estimated $84 trillion will be passed from baby boomers to younger generations. Women who live longer are increasingly the primary breadwinners, and often inherit from spouses and parents, and are expected to control two-thirds of that wealth by 2030, totaling more than $30 trillion in U.S. assets alone. But let's be clear: not all women will benefit equally. Women of color, particularly Black and Latina women, continue to face systemic barriers to wealth accumulation. According to the National Women's Law Center, for every dollar of wealth held by white men, Black women own only 8 cents and Latinas only 14 cents. The Federal Reserve reports the median wealth gap between Black and white households exceeds $220,000, and is growing. We cannot talk about women's wealth without addressing this inequity. Closing the gender wealth gap must include a serious commitment to closing the racial wealth gap. Equal opportunity is not just about inheritance, it's about access to capital, financial education, and investment networks. Women Invest Smarter Research consistently shows that women invest with greater intention and long-term focus. According to a study from Warwick Business School, women's investment portfolios outperformed men's by 1.8% annually. They traded less frequently, were more risk-aware, and prioritized steady, compounding gains. But it's not just about financial strategy, it's about values. According to a 2022 Ellevest survey, 95% of women say the financial industry wasn't built with them in mind, and another study shows that 79% want to invest in alignment with environmental, social, and governance (ESG) goals. This is not niche investing, it's the future of smart, sustainable capital allocation. As Ellevest founder Sallie Krawcheck says, 'Nothing bad happens when women have more money.' From Powerlessness to Portfolio Power Historically, the financial industry has underserved women. Wealth management conversations often default to male clients. Retirement planning is built on male lifespans. And women are frequently perceived as risk-averse, when in reality, they are risk-aware. Yet women now control $10.9 trillion in U.S. assets and that number is accelerating. When women have the confidence and tools to invest, they don't just build wealth for themselves. They create ripple effects across families, communities, and future generations. Investing Is the New Activism Women investors are driving a purpose-driven financial movement. From backing women-led startups to funding companies that prioritize sustainability, care infrastructure, and pay equity, women are investing in the world they want to live in. The rise of gender-lens investing, where capital is directed toward businesses that benefit women and girls has grown into a multi-billion-dollar market. And it's growing fast. As Erika Karp, founder of Cornerstone Capital, put it: 'Women are realizing they can shape the world not just through politics or protest, but through portfolios.' The Call to Action To unlock the full potential of women investors, we must: When women invest, it's not just about individual gain. It's about collective progress. Women influence 85% of consumer spending, represent the fastest-growing group of entrepreneurs, and increasingly fund the future of innovation. Yet they receive less than 3% of venture capital funding. That's not just a missed opportunity; it's a call to redesign the system. The future of finance is intentional, inclusive, and in power. Because when women invest, we all rise.
Yahoo
10-07-2025
- Business
- Yahoo
1 Thing To Do Every Year If You Want To Make More Money, According to a Money Expert
Most wealth-building practices aren't very difficult to comprehend or implement. Strategic investing, budgeting and income diversification are key. But when it comes to making more money specifically at work, the rules are a bit more situation specific — or are they? Is there something all of us can be doing to increase our income? Learn More: Read Next: Sallie Krawcheck, the co-founder of Ellevest, a women's-focused investment platform with more than $2 billion in assets under management (AUM), wrote a piece for CNBC Make It about how to increase your earning power in the workplace. The tactic? Negotiating your salary. This is hardly an unheard of maneuver, but it's one that a lot of people miss out on, perhaps because they don't know their worth as an employee or they're struggling with impostor syndrome or they think it could anger or insult their boss. Go about it tactfully and you have nothing to lose. Here's how to successfully negotiate. Negotiating for more — be it a raise or better benefits — is difficult for some, including those who consistently put 110% into their work and always go the extra mile for their boss. Advocating yourself can be hard for a lot of reasons; what's usually a lot less difficult is advocating for somebody you really care about. So, if you have mixed feelings about negotiating for you, think about the other people in your life who would benefit from a successful negotiation. It can be kids or parents or even a stranger in need of charity. 'If you want a raise, focus on how that raise will help you put funds toward your kids' college educations or your favorite non-profit,' Krawcheck wrote. 'If it's a more flexible schedule, think about how our friends and family may appreciate having us around more.' Find Out: Usually, we set out on a negotiation with our boss with a single goal in mind and usually that goal is more money. This can be a setup for failure if we walk out of the negotiation without a pay raise. Instead of heading into talks dead set on the one thing you want, be open-minded to other types of wins that may be less obvious. 'If you go in with just one ask, you sell yourself short, because if you hear 'no,' you leave empty-handed,' Krawcheck wrote. 'There are many things to negotiate for that can have value for you, and your employer, as you develop your career. This could be a more flexible schedule, exposure to other parts of the company, working on a project with a top manager or even a sabbatical.' Negotiation isn't something to do once or even just a handful of times in your career. It's something you should do on a regular basis. Krawcheck recommended doing it annually. 'You should be having the raise conversation with your boss every year,' she said. 'Ask them, 'What does it take to be successful in my role? What are the metrics I'm being measured against? If I hit these metrics, what kind of career progression and raise should I expect to see?'' If you've read all this and you're thinking, 'Sound great, but this won't work with my boss,' you're surely not alone. A 2022 survey by GoodHire found that only 44% of American workers said their manager was 'open and honest during salary and compensation conversations.' So how do you break through with your boss in order to have a productive negotiation? Consider Krawcheck's recommendation to get into the habit of talking with your boss casually and frequently. 'You don't need to have a serious, sit-down conversation with your manager every month,' she wrote. 'But I do recommend getting comfortable with talking more consistently about compensation and bonuses in a low-stress environment.' More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 7 Things You'll Be Happy You Downsized in Retirement Warren Buffett: 10 Things Poor People Waste Money On This article originally appeared on 1 Thing To Do Every Year If You Want To Make More Money, According to a Money Expert Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
