Senior women age 50 and older control net worth of $19 trillion and own more than three-fourths of the nation’s financial wealth.

According to this study (from 2012): census.gov—12s0718.pdf

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Out of the top income earners, men (1.5M men) own $1.14T in assets. Women (1.2M women) own $1.11T in assets.

So it looks like the average rich woman is slightly better off in total assets that the average rich men, but there are slightly more rich men than there are rich women. I’m willing to call this situation approximately equal which makes “owning more than three-fourths of the nation’s financial wealth” pretty much false.

Now control over how money is spent is a different story, but I imagine it to be fairly complex. How do you decide exactly how much control one part of a couple has over a joint decision? I, for instance, have a pretty much mutually agreement with my girlfriend on all our decisions. Most of our purchases are 50%, especially the major purchases like home buying, car buying, etc. Just because 90% of the decision might come from one gender, it might be that the other gender’s sign off is still required (just that the less influential gender has less criteria and requirements perhaps). It’s a very odd statistic and I imagine it to be very difficult to prove as a reason for saying they have “control”.

Not to mention they claim to wield $19T. That’s a ridiculous number considering the sum of all the rich people’s assets is only $2.25T.

And the article is a clearly biased source with just quotes. There’s no rational attempt to piece it together logically.

Source: reddit