Gender gap According to the report, women influence or control approximately 25–30 percent of global wealth, amounting to more than $20 trillion in assets. (Photo: Shutterstock)

They don’t make as much as men, they lack retirement accounts and savings, and they’re much more likely to end up living in poverty in retirement. But a new study says that boosting women’s access to financial products and services could “unlock” $330 billion in global revenue.

The report Powering Potential: Increasing Women’s Access to Financial Products and Services, from BNY Mellon and the United Nations Foundation, says that closing the gender gap can also result in increased market opportunities for financial services firms, as well as greater financial inclusion and empowerment for women.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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