Latest news with #womenwealth
Forbes
02-07-2025
- Business
- Forbes
Why More Money In Women's Hands Changes The World
Why More Money In Women's Hands Changes The World Money isn't just currency, it is power, access, and influence. Currently, far too little of it is in the hands of women. Women make up half the population yet control less than one-third of global wealth. But when women have more money, everyone benefits. Families thrive, communities grow stronger, and economies become more resilient. This isn't about financial feminism as a feel-good concept; it's about smart economics and sustainable impact. More money in the hands of women doesn't just change lives. More money in the hands of women changes the world. The Ripple Effect of Women's Wealth When women have wealth, they tend to put it to work in ways that lift others up. Studies show that women are more likely than men to reinvest their earnings into their families, their children's education, and their local communities. This kind of investment creates impact that builds stronger foundations for the next generation. Women-led businesses also operate differently. Research shows that female founders are more likely to prioritize inclusive hiring, flexible work environments, and sustainable practices. They lead with empathy and long-term vision, not just short-term profit. And in many cases, their revenue doesn't just support a lifestyle; it funds a mission. When women lead, profit and purpose often go hand in hand. Closing the Gender Wealth Gap Isn't Just Fair—It's Smart Equal participation in the economy isn't a nice-to-have as it's a global economic growth strategy. According to McKinsey, if women participated equally in the economy, global GDP could rise by as much as $28 trillion. That's a complete transformation. When you unlock the earning and investing potential of women, it isn't charity. It's the way to innovation and prosperity. But to close the gender wealth gap, we need more than encouragement. We need access. When there is more funding for women founders, it means more job creation, more diverse solutions, and stronger, more resilient businesses. Financial literacy also plays a critical role. When women understand how to manage, grow, and leverage money, they build true financial independence and become unstoppable. Barriers Still Exist Let's not pretend the playing field is level, because it's not. Venture capital firms invest less than two percent of their funding in women-led startups. That stat isn't from decades ago; it's current. Women still earn less, own fewer assets, and face more hurdles when trying to access capital, scale a business, or even get taken seriously in the room. And beyond the financial systems, there's the weight of generational conditioning. Many women have been raised to be 'nice,' not bold. They have been taught to save, not invest and to play it safe, not build wealth. These beliefs don't just shape mindset, they shape outcomes. So yes, the barriers are real, but acknowledging them is step one. The next step is breaking them down. How You Can Help Put More Money in Women's Hands Changing the system doesn't require a million-dollar check, it starts with everyday choices. You can support women-owned businesses. Hire them, buy from them, refer them. Your dollars are votes, and where you spend them matters. If you have the means, you can take it one step further. You can invest in funds or startups led by women. Angel investing, crowdfunding, and equity platforms are opening the door to more accessible, values-aligned investing. If you're not an investor, you can still move the needle. Teach financial literacy, mentor an up-and-coming entrepreneur, or use your voice to advocate for equity in your networks. Money in women's hands doesn't just get there by accident, it gets there because we push for it. The bottom line is that more money in women's hands isn't just about equity, it's about fueling a better future. When women build wealth, they uplift families, strengthen communities, and reshape economies. The data backs it, the stories prove it, and the impact is undeniable. If we want a more just, prosperous world, the path forward is clear: invest in women, fund their businesses, and help close the wealth gap.
News.com.au
27-05-2025
- Business
- News.com.au
Trillions heading into the hands of women – which sectors stand to win?
Women are set to control most of Australia's wealth Female investors are chasing long-term, values-driven gains With this in mind, which sectors look set to win? Behind closed doors and deep in the spreadsheets, something big is happening – women are taking the reins of global wealth. Quietly, and with a lot less chest-thumping, women are amassing fortunes and rewriting the rules of money. Right now, women hold roughly a third of all retail financial assets in the US and Europe, and that share is projected to rise to 40-45% by 2030. In Australia, women are poised to inherit approximately 65% of the nearly $5 trillion expected to be transferred in intergenerational wealth by 2034. This positions women as primary custodians of future wealth in the country. The number of female millionaires in Australia is also increasing at nearly double the rate of male millionaires, growing at 5.7% annually compared to 3.6% for men. And with more women outpacing men in education and sliding into top jobs, the flow of financial power is shifting fast. Add in longer life expectancy, later marriages, and higher divorce rates, and you've got a growing wave of financially independent women steering their own wealth ships. According to a report from McKinsey, over half of the assets women hold are currently unmanaged. That's around $10 trillion globally just sitting around. How women invest And here's where it gets interesting. Women clearly just aren't like men when it comes to investing – they've apparently got a different philosophy altogether. Instead of swinging for the fences, most women invest like seasoned marathoners. They're less interested in short-term wins and more focused on long-term security. According to the McKinsey report, their top financial goals are: not running out of money in retirement, managing healthcare costs, maintaining a comfortable lifestyle, and not chasing the next moonshot stock. They also place a premium on advice, especially in-person and personalised service. And if they don't feel like they're getting that? They walk. And while they're price-aware, they're also looking for values-aligned investing; like sustainability, social impact and transparency. Who stands to win? So, who's in the winner's circle as women reshape the investing world? According to the latest ASX Australian Investor Study, it's clear from the trend that women are leaning towards long-term, stable plays. That likely means strong interest in consumer-facing companies, ETFs, sustainable investing, healthcare, and diversified funds. Think less crypto roulette, more "Warren Buffet". Women are also big on passive income, investing to earn while they sleep. Portfolio manager Vihari Ross says this isn't just a gendered idea, but a smart one for anyone keen on more freedom and flexibility later in life. Then there's sustainable investing. ESG (environmental, social, governance) funds are no longer niche, they're now mainstream, and women are some of their biggest backers. Clean energy, ethical fashion, impact-driven fintechs, these are the kinds of investments catching the female eye, notes the study.
