Whether they are widowed, divorced,or have never married, more women over the age of 50 are choosing the single life. It has nothing to do with love and everything to do with protecting their finances.

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In the coming decade, women will hold greater economic power than they did in previous generations. Economists at McKinsey estimate that by 2030, American women are poised to control much of the $30 trillion in personal wealth that baby boomers are expected to possess.

This shift in the financial landscape means more women are taking control of their finances and protecting their wealth. For some, that means choosing not to get married later in life. Whether they are widowed, divorced or have never married, more women over the age of 50 aren’t walking down the aisle. They’re walking to the bank.

Today’s show was produced by Charla Freeland. It was mixed by Sean Carter. It was edited by Lucy Perkins.

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Why many older women are saying “I don’t” to marriage