The Great Wealth Transfer: How Women Are Set to Control $100 Trillion Over the next two decades, one of the largest financial shifts in history will take place.

Over the next two decades, one of the largest financial shifts in history will take place. Dubbed the "great wealth transfer," an estimated $124 trillion is expected to pass from Baby Boomers and older generations to their heirs by 2048. But what makes this transfer particularly significant is that the majority of it—nearly $100 trillion—will go to women.

A recent report from the Bank of America Institute highlights that $47 trillion will be inherited by younger generations of women, while an additional $54 trillion will go to surviving spouses—95% of whom are expected to be women. This shift marks a historic moment in financial power, as women will soon control more wealth than ever before.

By 2030, women are projected to control two-thirds of all private wealth in the U.S., according to a 2020 McKinsey study. This unprecedented financial influence is expected to reshape industries, from travel and luxury goods to financial services. Bank of America predicts an increase in spending on products and experiences tailored toward women, including female-only travel options, investment services, and wellness programs.

The implications of this shift extend beyond spending habits. With greater financial independence, women are likely to drive changes in wealth management, philanthropy, and business leadership. Companies that cater to their preferences and needs may see significant growth opportunities in the coming years.

As the great wealth transfer unfolds, one thing is clear: women are set to become the most powerful financial force of the next generation.