Future Wealth is Female
Following 5 years of active research MDRC has created the "Knowledge Centre for Female Wealth". The research for this project has highlighted that across the EU women are becoming wealthier and, in some states at least, will dominate the HNW market within the next 5 years – if current trends continue.
Throughout the EU there is evidence that women perform better in education at all levels, they are increasing their asset bases faster than men, they are financially aware, the number of professionally qualified women is increasing - and they have higher life expectancy. The combination of these factors will catalyse the growth of financially successful and independent HNW women. There is also some evidence from this project that women already dominate specific sectors of the wealth market in some states, and as the EU gradually becomes more homogeneous (at least economically) it can be expected that these wealth domains will spread. Across the EU the rate of growth of female wealth appears to be consistently higher than the rate of growth of male wealth (albeit from a lower base).
In many parts of the EU women are already the main clients of wealth managers. Businesses wishing to succeed in the EU wealth management industry should pay particular attention to the aspirations, ambitions and expectations of their current and prospective female clients.
The knowledge centre holds comprehensive data on female wealth in 25 of the 27 EU states and MDRC is able to provide analysis of the demography, characteristics and financial aspirations of wealthy women across the EU.