[CNBC] As they jointly planned, preventing the widows from being a burden on the next generation. Thank you. - An estimated $54 trillion is expected to pass on to spouses during the so-called great wealth transfer, with $40 trillion of it going to women who are baby boomers or older, the research shows.
- This is largely because the average life span for males in the U.S. is 76.5 years as of 2024, compared with 81.4 years for females.
The gap shrinks once you reach age 65. At that point, life expectancy for men is another 18.4 years, or to age 83.4, according to the CDC data. For women, that average is 20.8 years, or age 85.8.
So those who were going to die young already did, and the rest of you will be enjoying it together rather than being fondly remembered. I’m so glad.
- Older women whose spouses have traditionally handled investments and long-term planning may want to make sure they at least know some basics, financial advisors say.
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