Earn & Invest 639. The Future of Women and Money w/ Cary Carbonaro
Jun 19, 2025
In this engaging conversation, Cary Carbonaro, a seasoned financial advisor and advocate for women in finance, discusses the impending wealth transfer to women and the obstacles they face in financial empowerment. She highlights the significant role women will play in managing assets and the necessity for financial advisors to adapt their approaches. Cary also dives into the unique challenges encountered by childless women and the overall need for better representation and communication strategies in the financial industry to better serve female clients.
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Divorce and Financial Control
- Cary shares her painful divorce involving financial control and inequality.
- She emphasizes the importance of women's financial independence and how money issues often cause divorce.
Financial Industry Unpreparedness
- Cary highlights the financial industry's lack of readiness for the upcoming wealth transfer to women.
- Despite research showing women are future wealth holders, financial firms remain unprepared.
The Great Wealth Transfer to Women
- Over $30 trillion will transfer to women by 2030, driven by inheritance, longevity, and women-led businesses.
- Women will control more wealth due to demographic and social shifts, yet the industry is not ready.
