Citizens Survey: ‘Great Wealth Transfer’ Presents New Era of Financial Opportunity for Women
Citizens Financial Group's second annual survey reveals significant gender disparities in financial confidence as the 'Great Wealth Transfer' approaches. Baby Boomers are expected to transfer $124 trillion in assets by 2048, with women projected to control $34 trillion in investable assets by 2030.
Key findings show that 84% of women lack confidence in managing inheritance money compared to 73% of men. Additionally, 45% of women feel overwhelmed managing personal wealth, and 51% have never opened an investment account. The survey of 1,500 Americans highlights that 90% of women desire financial advisor guidance, primarily for retirement planning.
The study also reveals generational shifts, with 38% of Gen Z opening investment accounts by age 21 compared to 7% of Boomers. However, 30% of Americans still lack estate planning, and 80% aren't confident in creating one. The findings emphasize the critical need for professional financial guidance to manage this historic wealth distribution effectively.
Il secondo sondaggio annuale di Citizens Financial Group rivela significative disparità di genere nella fiducia finanziaria con l'avvicinarsi del 'Grande Trasferimento di Ricchezze'. Si prevede che i Baby Boomer trasferiranno $124 trilioni in asset entro il 2048, con le donne che si prevede controlleranno $34 trilioni in asset investibili entro il 2030.
I risultati chiave mostrano che l'84% delle donne non ha fiducia nella gestione del denaro ereditato rispetto al 73% degli uomini. Inoltre, il 45% delle donne si sente sopraffatto nella gestione della ricchezza personale e il 51% non ha mai aperto un conto di investimento. Il sondaggio di 1.500 americani evidenzia che il 90% delle donne desidera la guida di un consulente finanziario, principalmente per la pianificazione della pensione.
Lo studio rivela anche cambiamenti generazionali, con il 38% della Gen Z che apre conti di investimento entro i 21 anni rispetto al 7% dei Boomers. Tuttavia, il 30% degli americani non ha ancora un piano successorio e l'80% non è sicuro di come crearne uno. I risultati sottolineano l'importanza critica di una guida finanziaria professionale per gestire efficacemente questa storica distribuzione di ricchezze.
La segunda encuesta anual de Citizens Financial Group revela disparidades significativas de género en la confianza financiera a medida que se acerca la 'Gran Transferencia de Riquezas'. Se espera que los Baby Boomers transfieran $124 billones en activos para 2048, con las mujeres proyectadas para controlar $34 billones en activos invertibles para 2030.
Los hallazgos clave muestran que el 84% de las mujeres carece de confianza en la gestión del dinero heredado en comparación con el 73% de los hombres. Además, el 45% de las mujeres se siente abrumada al gestionar la riqueza personal, y el 51% nunca ha abierto una cuenta de inversión. La encuesta a 1,500 estadounidenses destaca que el 90% de las mujeres desea la orientación de un asesor financiero, principalmente para la planificación de la jubilación.
El estudio también revela cambios generacionales, con el 38% de la Generación Z abriendo cuentas de inversión antes de los 21 años en comparación con el 7% de los Boomers. Sin embargo, el 30% de los estadounidenses aún carece de planificación patrimonial, y el 80% no se siente seguro de cómo crear una. Los hallazgos enfatizan la necesidad crítica de orientación financiera profesional para gestionar eficazmente esta histórica distribución de riqueza.
Citizens Financial Group의 두 번째 연례 조사에서는 '대부의 이전'이 다가옴에 따라 재정적 자신감에서 성별 간의 상당한 격차가 드러났습니다. 베이비붐 세대는 2048년까지 124조 달러의 자산을 이전할 것으로 예상됩니다, 여성은 2030년까지 34조 달러의 투자 가능한 자산을 관리할 것으로 보입니다.
주요 결과는 여성의 84%가 상속 자금을 관리하는 데 자신감이 부족하다고 응답한 반면, 남성의 경우는 73%입니다. 또한, 45%의 여성은 개인 재산 관리에 압도당하고 있으며, 51%는 투자 계좌를 개설한 적이 없습니다. 1,500명의 미국인을 대상으로 한 조사에서는 여성의 90%가 재정 상담사의 지도를 원한다고 응답했으며, 주로 은퇴 계획을 위해서입니다.
이 연구는 또한 세대 간 변화도 보여줍니다. Z세대의 38%가 21세가 되기 전에 투자 계좌를 개설하고 있습니다 반면, 베이비붐 세대는 7%에 불과합니다. 그러나 30%의 미국인은 여전히 유산 계획이 부족하고, 80%는 이를 만드는 데 자신이 없습니다. 이 결과는 역사적인 자산 분배를 효과적으로 관리하기 위한 전문 재정 상담의 필요성을 강조합니다.
La deuxième enquête annuelle de Citizens Financial Group révèle des disparités significatives entre les sexes en matière de confiance financière à l'approche du 'Grand Transfert de Richesses'. On s'attend à ce que les Baby Boomers transfèrent 124 trillions de dollars d'actifs d'ici 2048, les femmes devant contrôler 34 trillions de dollars d'actifs investissables d'ici 2030.
Les résultats clés montrent que 84% des femmes manquent de confiance dans la gestion de l'argent hérité contre 73% des hommes. De plus, 45% des femmes se sentent dépassées par la gestion de leur patrimoine personnel, et 51% n'ont jamais ouvert de compte d'investissement. L'enquête menée auprès de 1 500 Américains met en évidence que 90% des femmes souhaitent bénéficier des conseils d'un conseiller financier, principalement pour la planification de la retraite.
L'étude révèle également des changements générationnels, avec 38% de la génération Z ouvrant des comptes d'investissement avant 21 ans contre 7% des Baby Boomers. Cependant, 30% des Américains n'ont toujours pas de plan successoral, et 80% ne se sentent pas en confiance pour en créer un. Les résultats soulignent le besoin crucial d'une guidance financière professionnelle pour gérer efficacement cette distribution historique de richesses.
Die zweite jährliche Umfrage der Citizens Financial Group zeigt signifikante Geschlechterunterschiede im finanziellen Vertrauen, während die 'Große Vermögensübertragung' naht. Es wird erwartet, dass die Babyboomer bis 2048 Vermögenswerte im Wert von 124 Billionen Dollar übertragen, wobei Frauen voraussichtlich bis 2030 34 Billionen Dollar an investierbaren Vermögenswerten kontrollieren werden.
Wesentliche Ergebnisse zeigen, dass 84% der Frauen kein Vertrauen in die Verwaltung von Erbschaftsgeldern haben im Vergleich zu 73% der Männer. Darüber hinaus fühlen sich 45% der Frauen überfordert bei der Verwaltung von persönlichem Vermögen, und 51% haben noch nie ein Investitionskonto eröffnet. Die Umfrage unter 1.500 Amerikanern hebt hervor, dass 90% der Frauen eine Beratung durch einen Finanzberater wünschen, hauptsächlich für die Altersvorsorge.
Die Studie zeigt auch generationenbedingte Veränderungen, wobei 38% der Generation Z bis zum Alter von 21 Jahren Investitionskonten eröffnen im Vergleich zu 7% der Babyboomer. Dennoch fehlt 30% der Amerikaner immer noch eine Nachlassplanung, und 80% sind sich unsicher, wie sie eine erstellen sollen. Die Ergebnisse betonen die dringende Notwendigkeit professioneller finanzieller Beratung, um diese historische Vermögensverteilung effektiv zu verwalten.
- None.
- None.
Second annual survey underscores the critical need for professional financial guidance to manage trillions of dollars in assets
“The Great Wealth Transfer is a pivotal opportunity for financial gender parity, although the road ahead is not without its challenges. Our survey shows an overwhelming majority of women report a lack of confidence in their ability to manage money from an inheritance, underscoring a critical gap that can have long-term implications on women's financial security,” said Tina Hurley, Head of Planning and Ultra-High-Net-Worth Solutions at Citizens Wealth. "Now more than ever, sound wealth management and personalized financial planning can help all beneficiaries make informed investment decisions, prepare for retirement, protect their families and ultimately transition wealth.”
The Citizens survey of more than 1,500 Americans reveals a critical need for trusted financial guidance to narrow the confidence gap and set expected inheritors on a path toward financial success. Key findings include:
The Great Opportunity for Women
-
Eighty-four percent of women say they lack confidence in their ability to manage money from an inheritance or financial windfall – a significant contrast compared to
73% of men. -
Nearly half of women (
45% ) report feeling confused or overwhelmed when it comes to managing their personal wealth, compared to just27% of men. -
More than half of women (
51% ) have never opened an investment account, compared with34% of men. -
Sixty-six percent of Gen Z women and
50% of Millennial women delayed starting their wealth management journey due to lack of confidence or know-how, resulting in lost opportunities to build wealth. -
Women are more likely to shy away from talk of finances: More than half (
54% ) would listen in, but not actively join a group discussion on the topic of wealth management, compared to40% of males who would remain in “listen-only” mode. -
The vast majority (
90% ) of American women expressed a desire to meet with a financial advisor to help them reach their financial goals, with saving for retirement being the highest priority (36% ).
Planning for the Future
-
A significant portion of Americans (
30% ) have not taken any steps to prepare an estate plan, and a large majority (80% ) do not feel completely confident in their ability to create one. This reluctance may stem from the fact that nearly a quarter (24% ) report feeling uneasy broaching the subject with family. -
For
61% of women, ensuring their children are cared for is paramount when planning for the future. However, more than a third of women (35% ) don’t yet have an estate plan, including older generations of women (41% of Boomer women;37% of Gen X women). This underscores the need for advisors who can navigate the complexities of multi-generational estate and wealth management planning with sensitivity and expertise. -
Younger generations should also consult an advisor, as half (
50% ) of Gen Z and Millennial Americans expect to receive an inheritance – approximately a quarter of which (22% ) anticipate receiving$500,000
Cultural Shift: Next Gen
-
While the vast majority of Americans (
86% ) regret not starting financial planning sooner, younger generations are already significantly more engaged in their financial journeys:38% of Gen Z opened an investment account by age 21, compared to just7% of Boomers at the same age. This shows a growing desire among young people to actively participate in building their financial futures. -
Even so, a large percentage of those surveyed (
52% of Gen Z;38% of Millennials) have not opened an investment account, indicating a missed opportunity for long-term wealth accumulation. -
Younger generations are optimistic about their financial futures with
62% of Gen Z and63% of Millennials feeling confident or experienced when it comes to managing personal wealth.
*According to financial research firm Cerulli Associates
**According to McKinsey & Company
Methodology
The Citizens Great Wealth Transfer Survey was conducted by Wakefield Research among 1,500 nationally representative
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with
View source version on businesswire.com: https://www.businesswire.com/news/home/20250305079053/en/
Jaclyn Bingold Connolly
Jaclyn.Bingold@citizensbank.com
Source: Citizens Financial Group, Inc.
FAQ
How much wealth will transfer during the Great Wealth Transfer according to Citizens' survey?
What percentage of women lack confidence in managing inheritance money?
How many women have never opened an investment account according to Citizens' survey?
What percentage of Gen Z opened investment accounts by age 21?
How much in investable assets are women expected to control by 2030?
