Our show delves into all things women, money, and power every week… But the truth is, we can’t talk about women in power without also looking at women’s financial power. Even now, in 2023, women are woefully behind when it comes to investing and realizing the kind of financial freedom that can only come from building wealth.
Despite holding 42% of our nation’s wealth, only 26% of American women invest in the stock market, according to a study from S&P Global. Yet we know that if women invested at the same rate as men, there would be an additional $3.22 trillion — yes, trillion — in global assets under management, according to data from BNY Mellon. In other words, when we talk about the economic power of women, we’re really talking about the economic power of our entire nation.
At the same time, with the “great wealth transfer” that’s coming — wherein members of The Greatest Generation and Baby Boomers will pass on an estimated $84 trillion, we know that more than two-thirds of wealth will be held by women by the year 2030. In other words, we need MORE women investing MORE money, as quickly as humanly possible.
Thankfully, there are incredible women working tirelessly to make that very thing happen, and Gargi Pal Chaudhuri, Head of iShares Investment Strategy Americas at BlackRock, is one of them. Gargi has over two decades of experience in the financial services industry, and she leads a team focused on global thought leadership — in other words, she’s delivering precisely the kind of insights that women need now to make smarter, more informed investment decisions.
This week, she sits down on the How She Does It podcast with Karen Finerman to discuss what inspired her to become an investor, what keeps her going when she runs ultra-marathons, and why women are willing to save their money — but not as willing to invest their money.
It’s true: According to research from BlackRock, more women than men put a higher level of priority on saving money for retirement — 71% of women keep their assets in cash compared to 60% of men. Chaudhuri and Finerman weigh in on why we continually see this divide, and what we can do to bridge it.
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This podcast is proudly supported by iShares. BLACKROCK and iSHARES are trademarks of BlackRock, Inc. or its affiliates (together “BlackRock”). The information provided in this communication is solely for educational purposes and should not be construed as advice or an investment recommendation. Any opinions expressed do not necessarily represent the views of BlackRock. BlackRock is not affiliated with HerMoney
