Episode 3: Margaritas with Marguerita — Why women’s money decisions will shape the future

Listen to the podcast on Inkandescent Radio Women are generating and managing an increasing amount of wealth in the U.S

“The rising economic power of women in this country is one of the most significant financial shifts of recent decades," shares Marguerita Cheng, CFP® Pro. Here's the bottom line.

A Note from Marguerita Cheng, CFP® Pro — Dear friends, we had so much fun and got such a great response after last Friday’s 15-minute podcast show — Margaritas with Marguerita — that helps women flex their financial muscles. Many women reached out and asked for more! While we thought of doing this as a monthly show, my producer at Inkandescent Radio, Hope Katz Gibbs, and I decided we’d raise our glasses for an Educational Happy Hour every Friday night to bring a tasty appetizer to get you thinking about your financial health as you begin your weekend.

Tonight on Margaritas with Marguerita: Why women’s money decisions will shape the future for the U.S.

Here’s the story: I was featured on CNBC in an Op-Ed by Ted Jenkin, CEO/founder of oXYGen Financial, who explained: “The rising economic power of women in this country is one of the most significant financial shifts of recent decades. The bottom line: Women are generating and managing an increasing amount of wealth in the U.S.”

In fact, today, women control more than $10 trillion (about 33%) of total U.S. household financial assets. Meanwhile, an unprecedented amount of assets will shift into the hands of U.S. women over the next three to five years, representing $30 trillion by the end of the decade.

Ted asked me why — and I explained it is because as men pass away, they leave control of these assets to their female spouses, who tend to be both younger and live longer. This is a wealth transfer of such magnitude that it approaches the U.S’s annual gross domestic product.

This is a huge transfer of wealth in and of itself, but women stand to inherit most of it because women traditionally outlive men. As more and more women have a say in significant financial decisions, it’s easy to see they’re not adhering to business as usual.

Discover more!