Retirement

Women on the Rise

Daunting Realities Although history has seen some significant progress for women over the last century, there’s still a long way to go toward financial equality. Women make 82.3 cents for every dollar their male counterparts make in a similar job. (1) The average Social Security retired worker benefit for women is $16,496 per year, compared with $20,921 for men. (2) 46% of married women in their 50s in two-income households are at risk of being unable to maintain their standard of living in retirement. 32% of married women in their 50s in one-income households are at risk of being unable to maintain their standard of living in retirement. 40% of single women in their 50s are at risk of being unable to maintain their standard of living in retirement. (3)

Enormous Potential The truth is, women wield a huge amount of influence over the economy, and their impact is only likely to grow. Women control 51% of all personal wealth in the United States today. (4) Over the next 40 years, women stand to inherit $28.7 trillion in intergenerational wealth. (5) On average, women save 9% of their salary. That’s almost a full percent higher than men. (6)

Increasing Impact The numbers don’t lie: more women are successfully founding and leading businesses than ever, with impressive results. There are 114% more women entrepreneurs than there were 20 years ago. (7) Black women own 42% of new businesses owned by women and 36% of Black-owned employer businesses. (8) Women launch more than 1,200 new businesses every single day in the U.S. (9)

Support for the Journey Many women report having strong relationships with their financial professionals. In fact, 70% of women say they would refer their financial rpfessional to a friend or relative. Whatever your financial needs, we're here to help (10). Sources: 1. DOL.gov, 2021; 2. SSA.gov, 2020; 3. Prudential.com, 2019 (latest data available); 4. FA-mag, 2020; 5. Visualcapitalist.com, 2019; 6. Visualcapitalist.com, 2019; 7. WhattoBecome.com, 2021; 8. Forbes.com, October 26, 2020; 9. BusinessNewsDaily.com, 2021; 10. ML.com, 2021

Latest Blog Post

Outlook 2022: Passing the Baton

December 09, 2021

Here Comes One of the Best Days of the Year (and the Best Week and Month)

October 27, 2021

Wednesday, October 27, 2021 The calendar is about to do a lot of favors for the bulls, as late October and early November historically are quite strong. October 28 was the best day of the year, until it fell more than 3% last year, but...

Inflation

May 21, 2021

LPL Market Signals: Inflation, Inflation, Inflation Posted by lplresearch Economic Blog Thursday, May 20, 2021 Inflation was the word of the week. In this week’s LPL Market Signals Podcast, LPL Research’s Ryan Detrick and...

Outlook 2023: Finding Balance

LPL Research Outlook 2023: Finding Balance delivers market insights on what we can expect in the economy, policy, stocks, and bonds for 2023.

2023 Outlook

Download Our Brochure

Discover how we can help you effectively pursue your financial goals through our commitment to providing holistic wealth management, personal service and objective guidance.
Click Here to Download!

Women on the Rise

Related Content

Insurance Needs Assessment: When You're Young and Single

Risk Perspective

Stay Safe with a B.O.P. At Your Back

Office:	(949) 553-8040
Fax:	(949) 553-2466