Quote of the Day (Sallie Krawcheck, on the Implications of the ‘Feminization of Wealth’)

“Women with wealth or building it are more confident. They tend to be more philanthropic than men, tend to vote for more moderate political candidates than men, tend to invest more in their families than men, and tend to invest more in their communities than men.

“They even tend to believe more in climate change and to invest more to combat it. In other words, the ‘feminisation of wealth’ could drive a meaningful societal moderation.”—Ellevest CEO and founder Sallie Krawcheck, “On Wall Street: Feminisation of Wealth Management is Coming,” The Financial Times, May 25-26, 2024