Women hold a third of the world's private wealth

DNHN - The most recent report by HSBC demonstrates that Asian women are becoming increasingly financially independent and have the highest wealth growth in the world. This phenomenon is fueled by Asian women's increased education, wages, and positions.

HSBC reports that women control one-third of the world's private wealth. In Asia, the proportion of young women with substantial wealth continues to rise and is getting younger.

In the past, women became wealthy primarily through family inheritance. Today, however, an increasing number of individuals are applying their skills and knowledge to work, business, investment, and wealth management, thereby amassing substantial personal wealth.

For the first time in history, Asian women own more wealth than women in any other region except North America. The wealth growth of Asian women (excluding Japan) is outpacing that of other nations. According to Boston Consulting Group, the global wealth of women will reach $93 trillion by 2023. They will also add $5 trillion annually to global wealth.

BCG predicts that the total wealth of Asian women (excluding Japan) will reach $27 trillion by 2026, $6 trillion more than Western European women (actually already). higher than in 2021).

PV