Millennial Women Soon to Gain Economic Power Through $300K Inheritance Windfall
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Millennial women are soon to inherit trillions from the "great wealth transfer" as baby boomers pass down their money. This will give them more economic power than ever before.
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This transfer of wealth to millennial women is expected to shrink the gender wealth gap, although not completely close it.
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45% of millennial women surveyed expect to receive a $300K windfall. This will empower them to leave unsatisfying relationships and talk more openly about money.
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Millennial women are more likely than boomers to invest their windfall in impact-based causes like climate change initiatives.
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Women tend to donate more of their wealth and are expected to invest in other women through hiring, salaries, etc. This could reshape society.