Women Are Set to Control More Wealth Than Ever but HSBC Finds Only a Minority Feel Prepared for the Financial Decisions Ahead
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
Company Research
Source: Business Wire
New HSBC research highlights a “Financial Fluency Gap” and the need for personalized financial planning, with 70% of affluent women saying advice tailored to their life stage would improve financial decisionsKEY FINDINGSOnly 32% of affluent women say they feel prepared for their own long-term care needs, and only 29% feel prepared for their aging costs.70% say financial education tailored to their life stage would improve their financial decisions.Less than half of affluent women feel supported by their financial advisor or financial institution.Nearly two-thirds of affluent women say they financially plan for others, not just themselves.43% of affluent women prioritize leaving financial security to loved ones, significantly more than men. NEW YORK--(BUSINESS WIRE)--As the Great Wealth Transfer accelerates, women are poised to take on an unprecedented role in global financial decision-making. By 2030, women are expected to control more than 40% of global wealth, representing one of
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- HSBC's page on the SEC website