Women are increasing their financial firepower, but do they have the tools to maximize their new-found wealth?
McKinsey reports that by 2030, women will hold $34 trillion of the country’s wealth, thanks to factors like inheritances, longer lifespans and increasing salaries. However, more money does not automatically mean more stability. A New York Life survey found that stress was the emotion women associated most with managing household finances, and separate research shows tremendous concern about having enough money during retirement.
