According to Bank of America, women in the US are expected to control $30 trillion worth of wealth by 2030, equal to 38% of all investable assets. As this wealth transfer progresses, the discussion focuses on how women can maximize their economic power while building wealth.
Mercer Advisors executive managing director Jessica Caruso joins Wealth to talk about the importance of personalized financial strategies for women.
"Women are controlling more and more wealth, and what the strategy and financial plan and investments should look like for every woman is really different," Caruso tells host Madison Mills. "I think at the end of the day, money is just a tool or a resource that helps us achieve each of our individual goals, and its a resource that should be aligned with what's important to us."
Caruso also emphasizes the value of planning, stating, the "number one piece of advice would be to get a plan in place and have some holistic support around what that plan looks like."
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Watch the video above to hear Caruso dive deeper into how women can build a financial plan that aligns with their unique goals and values.
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This post was written by Josh Lynch