The transfer of large wealth concerns $ 124 trillion, which is expected to move from Baby boom and older generations to their heirs by 2048. This is more than the total global GDP of $ 115 trillion for $ 2024.
And one key demographic lies in the benefit of the most massive transfer of wealth: women.
The new report from the Bank of America Institute estimates that nearly $ 100 trillion from $ 124 trillion will go to women, with $ 47 trillion shifting to women in younger generations like inherited wealth and $ 54 survive to surviving spouses, 95%of which 95%of
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“Women will soon control more money than ever before – and how this money is expected to have a deep impact,” the studies read.
Older studies from 2020 since McKinsey have found that by 2030 American women are planning to control about two -thirds of all private wealth in the US, which is the largest transfer of wealth according to sex in history.
According to Bank of America’s research estimates, there are 1.4 billion women in the world in the world, while the total expects to increase by 47% to 2.1 billion by 2050. Women in this age group have “more wealth, independence” than women from previous generations, researchers note.
As a result of the large transfer of Bank of America’s wealth, it predicts increased dequest and greater expenditure on services, products and experienced adapted women. The internal data collection showed the bank that women spent more on discretion and necessary objects than their male counterparts last year.
Women will also restore 85% of solo travelers, while Bank of America’s research shows that tour operators, cruise lines and travel consultants reported growing women’s demand. River Cruise Company Uniworld announced a full -time route for August 2025 and joined other cruise lines that like Aqua expeditions and celebrities in the offer only for women.
“The big transfer of wealth is richer,” Bank of America scientists wrote.
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Related: 3 ways to prepare for a large transfer of wealth
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