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Women and millennials have been key drivers in the growth of the impact investing movement over the last decade. A new report, Women as the next wave of growth in US wealth management, predicts that expanding wealth among affluent women could have far-reaching effects for the financial industry and the initiatives that get funded in the near future.
A June 2020 report from McKinsey announced that they expect women will manage about $30 trillion of assets in the next decade, a $20 trillion increase from their 2016 estimate. This updated estimate factors in increased earnings as more women enter the upper echelons of American business and the transfer of assets as female baby boomers outlive their partners.
While no one should expect women to invest with a single philosophy, they have played a key role in the growth of the impact investing movement. Given this trend, the news of continued growth in women-controlled assets could have profound effects on the investing world.
Interested in learning more about impact investing? We have a variety of resources. This Short Guide is written for newcomers, the Impact Investing Network Map details nearly $19 billion in investments across 3,000 investors and 6,600 companies and our 10-year Interactive Timeline celebrates key movement milestones and the innovators who helped grow this movement from its earliest days.
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| INCLUSIVE ENTREPRENEURSHIP |
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