The great transfer of assets refers back to the $ 124 trillion Probably switching from baby boomers and older generations to their heirs by 2048. That is greater than your entire global GDP of $ 115 trillion for 2024.
And a crucial demographic population advantages probably the most from the large transfer of assets: women.
A brand new one Report of the Bank of America Institute It is estimated that nearly 100 trillion US dollars will go to women’s transfer of 124 trillion dollars, with 47 US dollars of girls in younger generations as inherited prosperity and 54 trillion US dollars surviving spouses, 95% of whom are expected to be women.
Related: “Nobody ever gave me anything”: More Boomer say that they do not transfer prosperity to the family until they’re dead
“Women will soon check more money than ever – and how to use this money is expected to have profound effects,” the study said.
A Older 2020 study The advisory company McKinsey found that American women are predicted by 2030 to regulate around two thirds of all private assets within the United States, which represents the biggest asset transmission in line with gender in history.
According to estimates by the Bank of America research, there are 1.4 billion women between 50 and 70 years worldwide. By 2050, the whole amount is predicted to grow by 47% to 2.1 billion growth. Women on this age group have “more prosperity, independence and opportunities” than women from previous generations.
As a results of the most important asset transfer, the Bank of America predicts increased demand and bigger expenditure for services, products and experiences which are tailored to women. Internal data collected by the bank showed that ladies were spent more for discretionary and mandatory objects than their male colleagues last 12 months.
Women also represent 85% of Solo travelers, whereby the research of the Bank of America shows that tour operators, cruise lines and travel consultants have reported growing demand from women. River cruise company UNIWOWLD announced A purely female route for August 2025, which incorporates other cruise lines corresponding to Aqua expeditions and celebrity cruises as a way to only offer options for girls.
“The great transfer of wealth makes women richer,” wrote the researchers of the Bank of America.
For the total report ,, Click here.
Related: 3 ways to arrange for the large transfer of assets
