SALLIE’S OPINION

Have you heard of the Great Wealth Transfer?

If you haven’t, you will.

The Great Wealth Transfer will do what it says: shift wealth in the US, the end result being that women will have most of the money in this country.

Wait, what?

You read that right: “women will have most of the money in this country.”

Much of this transition will be through inheritance, with women outliving men; but other drivers will be divorce, women earning more advanced degrees (and going into higher-paying jobs), and women starting businesses.

So some financial windfalls will be received with tears of joy, and some with tears of sadness.

Regardless, the end result will be the same: More money in the hands of women. And women’s confidence increasing significantly.

Our newly released Ellevest Women and Wealth Survey 2024 shows that we’re ushering in a new era of women’s financial confidence: what we’re calling the Feminization of Wealth.

And that confidence — ignited from the very act of receiving a financial windfall — has the potential to reshape society.

Read more

CEO AND FOUNDER

PREPARE AND PLAN FOR YOUR NEXT STEPS

During stressful times, the right decisions can set a strong foundation for the next life stage, and the wrong decisions can have an outsized impact. We’re here to help you make the right decisions.

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WOMEN’S HISTORY MONTH LESSON #1

Women weren’t “allowed” to buy homes without a male cosigner until 1974 — but Barbie got her first Dreamhouse in 1962. Today, more single women own homes than single men.

Homebuying advice >

WOMEN’S HISTORY MONTH LESSON #2

The Matrimonial Causes Act was passed in 1937, giving women the right to divorce on the same terms as men. (That was the year Jane Fonda was born. She’s divorced three men since.)

Navigate a divorce >

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WHENEVER WORKS FOR YOU: Let's chat

☕ The Great Links Transfer

From the big screen to concert tours and professional sports, the spending power of women is boosting our economy. Read why Ellevest is backing Dream Big: The Michelle Wie Story. ⛳
“Women having more money is good for everybody.” CEO Sallie Krawcheck on why the Great Wealth Transfer all adds up to a net positive for society.
How the Feminization of Wealth is poised to reshape society. 🔥
Speaking of women making the most of their financial windfalls … Dr. Ruth Gottesman reflects on her staggering $1 billion donation to the Albert Einstein College of Medicine to make tuition free forever. 👏🏻

A new era for women and wealth is here.

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This week’s newsletter was brought to you while chopping onions. Forward it to your friends who have a billion-dollar smile.

DISCLOSURES

All opinions and views expressed by Ellevest are current as of the date of this writing, are for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.

Information was obtained from third-party sources, which we believe to be reliable but are not guaranteed for accuracy or completeness.

The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities, and should not be considered specific legal, investment, or tax advice.

The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.

Investing entails risk, including the possible loss of principal, and past performance is not predictive of future results.

Ellevest, Inc. is a SEC registered investment adviser. Ellevest fees and additional information can be found at www.ellevest.com.

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What The Elle - 🔥The Feminization of Wealth

Have you heard of the Great Wealth Transfer?

A new era for women and wealth is here.

Older messages

🔊 Let’s Get Loud (Budgeting)

💝 Ah, couples and money

📢 Don’t believe the rumors

☕ Giving up “frivolous” expenses?

💰 A colossal shift is here …

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