Feminisation of Wealth: What this means for women in Australia
Amanda Blesing FARPI
Helping women succeed in the C-suite | Work with me 1:1 | CEO | Speaker, Mentor, Best Selling Author | Retreat Facilitator | LinkedIn Top Voice & Top 50 Women in Leadership Influencer
Picture this: a world where women are calling the shots when it comes to money. Where women are celebrated for their spending decisions, not vilified for being frivolous or being a spend thrift. Where women are confidently making decisions that impact their lives, their communities, and those around them,?without?fear of criticism or of ending up a bag lady (this is a very real fear for many and yes I’ve had this for years myself????– haven’t you?).
That’s what I’m talking about when I mention the “Feminisation of Wealth.”?And let’s be real, it’s exciting stuff.
What is the “Feminisation of Wealth”?
What exactly is this “Feminisation of Wealth” all about? It’s basically an academic sounding phrase for a world where women have more money in their pockets, purses, bank accounts, investment portfolios, superannuation accounts and financial futures.?
And guess what? It’s not just a pipe dream—it’s happening right now and will continue to happen increasingly over the next decade, thanks to some pretty big trends. Here are three of the big ones –
And it’s not just happening in the USA.
Does the Data in Australia Support the “Feminisation of Wealth” or is it an American Trend??
Here are some Australian statistics thanks to a fabulous article by?Lucy Dean from the AFR in March 2024 ?with data from JBWere
Money = Power and Confidence
One thing that’s key in all of this? Confidence. It’s a virtuous cycle. Confident women are the ones who are building their wealth. And building, creating or even simply inheriting more wealth gives women more confidence. Then with that confidence, women are making some pretty big life decisions—such as leaving toxic relationships, or jobs that drain them, or suburbs that no longer serve them and then creating building careers and lives they love. Which makes them more confident.?
So often we talk about women not having as much confidence as men, but what if confidence comes from having more money and more options? In which case, we’re in for a tectonic plate shift and I can’t wait.
It’s Not Just About Personal Gain
Despite the narrative that women spend frivolously, women are using their wealth to make a difference. The research globally is demonstrating that when women have more money they
Nothing bad happens when women invest in themselves.
Fix the System, Not the Women
I’m excited about the “Feminisation of Wealth” because it’s the one of those systemic shifts that?needs?to happen. It won’t transform the lives of executive women inside their corporate roles immediately as there is so much systemic that is still wrong. But it will over time.
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With more women taking charge of their finances, developing their financial acumen, and using their money for causes, projects and businesses that interest them, this is a game changing decade in time. So, here’s to a future where women are running the show when it comes to money.
It’s about time, don’t you think?
LIKED THIS? WANT MORE?
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FREE WEBINAR – THE FEMINISATION OF WEALTH What this means for you and your career
When:?Tuesday 23 April 2024
Time:?12.30pm AEST(daylight saving will be finished)
Via Zoom:?click here to register
The opportunities for women in general and you in particular that are presented by The Feminisation of Wealth are too good to pass up.
Gender inequity and the gender pay gap are systemic problems and the tectonic plate shift about to be created by The Great Wealth Transfer is a potential systemic solution – but only if we’re ready for it.?
Join me for a 60 min webinar to talk about what’s happening and what you can do about it and how to gear up your life and career to prepare.
Bookings essential Attendees will receive my?Feminisation of Wealth Readiness Checklist?once the webinar is completed.
Because nothing bad happens when women invest in themselves.
Diversity & Body Confidence Warrior | Style for every Age, Body & Gender | Corporate Image Consultant | Personal Stylist | Speaker ??
7 个月Your boyfriend dumped you because he found out how you little you earned? Good Lord!
Speaker | Culture Curator | Championing Meaningful Organizational Change ??
7 个月Beautifully written! Seeing it a lot these days.
Event Planning/Marketing and Events/Project Management
7 个月Keep writing about al tings woman Amanda Blesing FARPI. i am really enjoying your insights and findings.
Helping Leaders get the best from their people, brands and businesses ? Alignment Strategist ? Brand and Communication Strategist ? Coach ? Mentor ? CEO Artis Advisory ? Co-Founder The Alignment People ? Director
7 个月Well, he was very short-sighted!
Architect @ BluKube Architecture | Sustainable Development, Sustainability Consulting
7 个月Momentum of change, there will be some big changes in the future. Amanda Blesing FARPI do you think this is a global trend too?