Pauline Quinn and Katie Bruno are Financial Planners Serving Women Investors in Omaha, Nebraska, Since 1982!
As women financial planners, we understand the investment needs of other women.
No matter where you are in your walk of life, as you seek answers about your financial future, the team at Morey & Quinn Wealth Partners can help you make thoughtful decisions. As events change, we work with you to adjust your financial plan accordingly.
When it comes to planning and investing, the team at Morey & Quinn Wealth Partners believes that women should be educated and involved. We care about women’s financial futures and work to help them build financial confidence at every stage of life.
Statistics Show Why Women Should Be Investing for Their Futures
*Updated: December 9, 2024
Women are a big deal.
Women make up 51%[1] of the population in the United States. 40% of women are the primary breadwinners in their household. In 2020, women controlled 67% of personal wealth in the U.S, which is $10.9 trillion. Projections indicate that women will control approximately $30 trillion of wealth in the United States by 2030.[2]
We are smart.
In 2022, the National Center for Education Statistics reported that women earned more than half of all postsecondary education degrees, 59% of bachelor’s degrees, 63% of master’s degrees and 57% of doctorate degrees. Men and women are equally financially literate in the U.S., but the 2024 Intuit Financial Literacy Survey report cited that 55% of female respondents said “I wish I understood more about my finances, but I don’t know where to start.”[3]
We put our families first.
Women are more likely than men to put our careers on hold to raise children or take care of aging parents, oftentimes leading to having fewer years of earned income or waiting to invest until later in life. We tend to view our investments in terms of emotions and experiences, and as a result, perceive risk differently than men.
We live longer.
Women on average live nearly 5.7[4] years longer than men. According to the CDC, on average, men will live to age 74 and women to age 80.
Yet, we are underpaid.
An American woman earns 82.7[5] cents for every dollar a man makes. Minority groups earn even less; African American women earn 66.5 cents, and Hispanic or Latino Women earn 57.8 cents to every dollar a man makes. Earning less money reduces retirement income that we count on, including Social Security benefits, pension and retirement accounts and savings to pay off major purchases. Income inequality combined with living longer may create a gap of funding for your retirement.
All of these factors make it even more important that women are knowledgeable and actively engaged in creating their own financial future. Women have tremendous responsibility when it comes to money, and the need to take it seriously.
[1] US Census Bureau, 2023
[2] Baghai, P., Howard, O., Prakash, L., & Zucker, J. (2020, July 29). Women as the next wave of growth in US wealth management. McKinsey & Company. https://www.mckinsey.com/industries/financial-services/our-insights/women-as-the-next-wave-of-growth-in-us-wealth-management
[3] 2024 Intuit Financial Literacy Survey
[4] National Center for Health Statistics: Mortality in the United States, 2022
[5] 2023 Current Population Survey-ASEC by the US Census Bureau