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Citizens Survey: ‘Great Wealth Transfer' Presents New Era of Financial Opportunity for Women

1. The Great Wealth Transfer highlights significant gender divides in financial confidence. 2. Women are set to control $34 trillion, underscoring a critical wealth opportunity.

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Why Bullish?

The focus on wealth management for women aligns with CFG’s financial services, presenting growth potential similar to historical trends seen in financial advisory sectors during wealth transitions.

How important is it?

The article addresses a significant demographic trend that may drive CFG's service demand, enhancing its market positioning effectively.

Why Long Term?

The long-term implications of changing wealth demographics could create sustained demand for CFG’s services as more women accumulate wealth and seek financial planning.

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PROVIDENCE, R.I.--(BUSINESS WIRE)--As the ‘Great Wealth Transfer' accelerates, complex gender divides surrounding wealth are becoming more pronounced than ever. In anticipation of this historic wealth distribution, where Baby Boomers are expected to pass down $124 trillion in assets to heirs by 2048*, a new survey from Citizens found women report a lack of confidence and proactiveness when it comes to financial planning. Considering that women are expected to control a staggering $34 trillion i.

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