"Grey, female and loaded;" women millionaires on the rise in the UK

From the Times Online (UK) we learn that "older women are about to become more attractive." The reference concerns the projection that the majority of Britain’s millionaires will soon be women in their mid-fifties.

The British Centre for Economics and Business Research (CEBR),reports that "the number of millionaires in Britain — 376,000 today — will nearly double to 690,000 by 2010. By 2020, it says, the number of millionaires will reach 1.7m, more than four times the present level, and by then, 53% of them will be women, up from 40% now."

Women will be beneficiaries of this growing wealth, it says, because of increasingly generous divorce settlements and the likelihood that they will outlive husbands. But more women are also becoming millionaires in their own right.

Just over a third of Britain’s millionaires are over the age of 65, with 45% in the 45-64 age bracket. Millionaires have an average age of 56. That has increased in recent years as the “baby boomers” have got older.

It will be interesting to see if there is a corresponding increase in the number of single men traveling to England from the United States.

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