{"id":182147,"date":"2025-03-07T16:30:26","date_gmt":"2025-03-07T05:30:26","guid":{"rendered":"https:\/\/propertyupdate.com.au\/?p=182147"},"modified":"2025-02-03T14:18:23","modified_gmt":"2025-02-03T03:18:23","slug":"women-leads-the-charge-in-australias-5-trillion-wealth-transfer","status":"publish","type":"post","link":"https:\/\/propertyupdate.com.au\/women-leads-the-charge-in-australias-5-trillion-wealth-transfer\/","title":{"rendered":"Women lead the charge in Australia\u2019s $5 Trillion wealth transfer"},"content":{"rendered":"

Women are set to be the primary beneficiaries of Australia\u2019s intergenerational wealth transfer, claiming about 65% of nearly $5 trillion by 2034, a\u00a0groundbreaking report by JBWere published in the AFR<\/a> reveals.<\/p>\n

This shift is fueled by factors such as longevity\u2014women generally outlive men\u2014and evolving divorce outcomes.<\/p>\n

Additionally, the 'older daughter effect' plays a significant role, with family financial reins often passing to the eldest daughter rather than the eldest son.<\/p>\n

A new era of female financial empowerment<\/span><\/h2>\n

Maria Lykouras, JBWere's CEO, highlights that women are not just inheriting wealth; they\u2019re actively creating it.<\/p>\n

With $3.2 trillion expected to be managed by women over the next decade, we're witnessing a significant reshaping of Australia's financial landscape.<\/p>\n

The AFR article notes that amidst persistent issues like the gender pay gap and retirement savings discrepancies, this wealth transfer offers a glimmer of hope.<\/p>\n

The growth in female wealth is impressive: last year, the number of women becoming millionaires increased by 5.7%, outpacing the 3.6% growth among men.<\/p>\n

\"Growth<\/p>\n

Education plays a crucial role, with more women pursuing STEM courses, leading to better career opportunities.<\/p>\n

The report also\u00a0revealed that women tend to share their wealth with family during their lifetime, influencing how wealth is distributed.<\/p>\n

Additionally, with women outliving their partners, they are more likely to control family finances for longer periods.<\/p>\n

Divorces are also playing<\/a> a crucial role in redistributing wealth.<\/p>\n

With an increasing number of high-net-worth divorces, significant assets are moving into the hands of women.<\/p>\n

A broader perspective on wealth<\/span><\/h2>\n

The AFR-published report which incorporates broader wealth elements like real estate and business, projects the transfer to reach $4.9 trillion.<\/p>\n

\"Splitting<\/p>\n

It also noted\u00a0that women are involved in wealth discussions, signifying a shift in wealth management dynamics.<\/p>\n

Interestingly, the report challenges the stereotype of women being risk-averse investors.<\/p>\n

Today\u2019s affluent women are diversifying their portfolios and showing a keen interest in non-traditional assets.<\/p>\n

The results\u00a0point out that the pandemic has inspired many corporate women to venture into entrepreneurship.<\/p>\n

The shift in wealth management to the eldest daughters is also notable, with these women increasingly playing active roles in family offices and investment decisions.<\/p>\n

However, the real game changer lies in women using their wealth to empower new, female-led businesses addressing women's issues.<\/p>\n

As property investment becomes more challenging, business creation is poised to be a key avenue for women's wealth accumulation.<\/p>\n