Episode 3: Tonight on Margaritas with Marguerita — Why women’s money decisions will shape the future + how you can harness your financial power: 5 tips in 15 minutes

Listen to the podcast on Inkandescent Radio Episode 3: Tonight on Margaritas with Marguerita — Why women’s money decisions will shape the future + how you can harness your financial power: 5 tips in 15 minutes

Feb. 5, 2021: A Note from Marguerita Cheng, CFP® — Dear friends, we had so much fun and got such a great response after last Friday’s 15-minute podcast show — Margaritas with Marguerita — that helps women flex their financial muscles. Many women reached out and asked for more! While we thought of doing this as a monthly show, my producer at Inkandescent Radio, Hope Katz Gibbs, and I decided we’d raise our glasses for an Educational Happy Hour every Friday night to bring a tasty appetizer to get you thinking about your financial health as you begin your weekend.

Tonight on Margaritas with Marguerita: Why women’s money decisions will shape the future for the U.S.

Here’s the story: I was featured on CNBC in an Op-Ed by Ted Jenkin, CEO/founder of oXYGen Financial, who explained: “The rising economic power of women in this country is one of the most significant financial shifts of recent decades. The bottom line: Women are generating and managing an increasing amount of wealth in the U.S.”

In fact, today, women control more than $10 trillion (about 33%) of total U.S. household financial assets. Meanwhile, an unprecedented amount of assets will shift into the hands of U.S. women over the next three to five years, representing $30 trillion by the end of the decade.

Ted asked me why — and I explained it is because as men pass away, they leave control of these assets to their female spouses, who tend to be both younger and live longer. This is a wealth transfer of such magnitude that it approaches the U.S’s annual gross domestic product.

This is a huge transfer of wealth in and of itself, but women stand to inherit most of it because women traditionally outlive men. As more and more women have a say in significant financial decisions, it’s easy to see they’re not adhering to business as usual.

Discover more!