An excerpt from the presentation for the Women in Super Lunch - - PowerPoint PPT Presentation

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Feb 01, 2024 308 likes •437 views

An excerpt from the presentation for the Women in Super Lunch /hollyransom coffeepodswithholly @hollyransom 75% of 28% of global workforces by financial assets by 2025 2030 US$8 trillion US$10 trillion spending power spending power

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An excerpt from the presentation for the Women in Super Lunch

@hollyransom /hollyransom coffeepodswithholly

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75% of

workforces by 2025

Most profitable

consumer group for banks by 2028

US$8 trillion

spending power

US $59 trillion

wealth transfer

28% of global

financial assets by 2030

US$10 trillion

spending power

Millennials, Mobile and Money, Scopellti 2016; 3MI 2017

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Roy Morgan 2017

Millennials more than doubled their share

f the total super pie
ver the last 10

years- up $226 billion or 382%.

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Roy Morgan 2017

Satisfaction Levels with Superannuation Industry

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ASFA ‘Young People and Super’; Centre for International Finance and Regulation (CIFR) and University of Melbourne (2014); MLC ‘Australia Today’ (2016)

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Each year, the major banks spend >$1 billion each on IT but most is on legacy infrastructure. Fintech disrupters are using new software-controlled and data-driven tech, allowing them to radically reduce the cost of customer acquisition and marginal cost of servicing them to near zero.

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