Center for Women & Wealth

Supporting women as they create and manage wealth

Cultivating a community of women

The Center for Women and Wealth® (CW&W) is committed to engaging and supporting women as they create and manage wealth. We provide women with investment, planning and philanthropic resources derived from decades of experience through work with our Private Banking clients. The CW&W aims to cultivate a community, in person and online, where women can share experiences with each other and give advice to new generations of female leaders.

Women & Wealth Magazine Summer Issue 2023

In this issue of Women & Wealth Magazine, we speak with a group of women driving change in the healthcare space, explore the complexity of teaching the value of digital currency to children, provide three strategies for maximizing time, and learn more about the current state of motherhood in the U.S.

Our Latest Insights


A Look at Next Gen Women Entrepreneurs

  • 114% increase in female-owned businesses over past 20 years
  • Share of new businesses started by women:
    • 2019: 28%
    • 2021: 49%
  • Women ages 18-44 account for 33.2% of U.S. women entrepreneurs
  • Millennial women are 22% more likely to start a new business than baby boomers
  • 53% of Gen Z women want to become entrepreneurs
  • 28% of millennial women are entrepreneurs (12% higher than the national average)

Why and Where Next Gen Women Are Starting Businesses

  • Top reasons for starting a business among women, by generation:
    • Millennials: Saw an opportunity (27.8%)
    • Generation Xers: Family consideration (25.8%)
    • Baby boomers: Out of necessity (28.2%)
  • 63% of Gen Z women want to “personally create something innovative”
  • Top industries for millennial women-owned businesses:
    • Health, beauty, and fitness
    • Food-related and restaurants
    • General retail
    • Cleaning and maintenance/home services
    • Business services

How Are They Doing?

  • The turnover of millennial women-led companies was 22% above average
  • 75% of women millennial entrepreneurs expected business profits to increase

Business Ownership’s Role in Wealth Creation

  • Women who have amassed business-related wealth:
    • 36% of younger HNW women
    • 12% of baby boomer women
  • 75% of millennial women say the value of a business is more important in defining wealth than it was two generations ago

Past Issues of Women & Wealth Magazine

Partnerships

New America: Better Life Lab

The Better Life Lab, an initiative from the think tank and civic enterprise New America, is a leader in the national conversation surrounding the evolution of gender roles and norms, family policy and how we work and live. They are policy entrepreneurs finding outside-the-box solutions to public problems and using research, data and reporting to inform their work and tell the stories that motivate, edify and engender change.

Women’s Philanthropy Institute

The Women’s Philanthropy Institute (WPI) is part of the Indiana University Lilly Family School of Philanthropy. WPI increases understanding of women’s philanthropy through rigorous research and education, interpreting and sharing these insights broadly to improve philanthropy.

If you would like to be more involved with the CW&W, contact us at CW&W@bbh.com.

 

Contact Us

This communication is for informational purposes only.  The information herein has not been based on a consideration of any individual investor’s circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice.  Individuals should consult their personal tax, accounting and legal advisers regarding any potential investment or strategy.  Any views and opinions are subject to change at any time.

This material does not constitute an offer or solicitation in any jurisdiction where or to any person to whom it would be unauthorized to do so.

 

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