Investing plays a crucial role in empowering women financially. In 2023, women still lag behind in investing and achieving true financial independence.
Women control 42% of the nation's wealth, yet only 26% of American women engage in stock market investments, as highlighted by a report from S&P Global. If women invested at the same level as men, the result would be an extra $3.22 trillion in global assets under management, per BNY Mellon data. This illustrates that when we discuss women’s economic strength, we’re truly addressing the nation’s economic potential.
With the impending “great wealth transfer” — projected to move an estimated $84 trillion from older generations — women are expected to hold more than two-thirds of this wealth by 2030. This reality underscores the urgent need for women to invest more money, and quickly.
Fortunately, dedicated women are working hard to close this gap. Gargi Pal Chaudhuri, Head of iShares Investment Strategy Americas at BlackRock, has over 20 years in finance, focusing on providing vital insights that empower women to make informed investment choices.
In an episode of the How She Does It podcast, she joins Karen Finerman to discuss her journey into investing, her passion for ultra-marathons, and the reasons behind women's tendency to save more than invest.
Research from BlackRock indicates that a higher percentage of women prioritize saving for retirement compared to men — with 71% of women keeping their assets in cash versus 60% of men. Chaudhuri and Finerman delve into the reasons behind this disparity and explore how to address it.
Catch the full episode for more insights and make sure to subscribe so you don’t miss any future discussions!
