Financy Women's Index

The Women’s Index measures the progress of Australian women and gender financial equality

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Financial inequality is a major obstacle to the progress of women, families and future generations

About Financy Women's Index

How we’re tackling Financial Inequality

The Financy Women’s Index™ (FWX) is a quarterly measurement of the economic progress of women and time frames to gender financial equality in Australia.

The FWX provides a snapshot on equality across 7 critical areas and includes both drivers and indicators of progress.

The drivers are Education and Unpaid Work. The indicators are Unpaid Work (dual), Employment, Underemployment, Pay, Board Leadership and Superannuation.

The purpose of the Women’s Index™ is to help drive fearless discussion and action among women, men and key decision makers in the public and private sectors.

The Index is an independent initiative of Financy Pty Ltd, which is advocates for gender financial equality and provides the IMPACTER software to improve organisations performance on diversity, equity and inclusion.

The Index is supported by the FWX Advisory Committee members; Dr Shane Oliver, Simone Cheung, Prof Roger Wilkins, Dr Leonora Risse, Bruce Hockman, Rhiannon Yetsenga and Nicki Hutley.

The Index is proudly sponsored by NGS Super, the Ecstra Foundation, Aspire Planning, Seven Consulting, Bespoke Co and PritchittBland Communications.

Creative works are produced by We Are Why Pty Ltd.

Ultimately, the purpose of the Index is to help inspire women to live more courageously and confidently – to be Fearless.

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Lastest Results

What do the latest results tell us about financial gender equality?

The latest scorecard on financial gender equality in Australia, the Financy Women’s Index (FWX), has recorded the strongest annual progress since December 2021, with Australia’s journey to equality gaining momentum in 2024 despite an uncertain outlook. The FWX score rose to 77.59 points out of 100 in the December quarter, up from 76.83 points in December 2023. The result was helped by three key data points: a record number of women on ASX 200 Boards; a narrowing of the gender gap in Unpaid Work; and female employment growth, with the FWX Employment sub-index rising to the highest it’s been since June 2023.

 

Key Results

  • Progress to gender equality improved in 2024, with the FWX rising 0.76 points to 77.59 in December, up from 76.83 in December 2023.
  • This is the strongest year-on-year progress since December 2021.
  • Key drivers of progress in 2024 include record ASX 200 Board representation for women, better employment levels, and a reduced gender gap in unpaid work as men took on more housework and childcare.
  • Timeframes to gender equality improved, with ASX 200 Board parity expected in 5 years. Pay parity is forecast in 21.7 years, superannuation in 17.7 years, underemployment in 21.4 years, employment in 24.5 years, unpaid work in 42.4 years, and education in 348.6 years.
  • Ahead of International Women’s Day 2025, rising living costs, a Federal Election, and US President Trump’s anti-DEI stance create uncertainty for gender equality progress. These dynamics may influence momentum in the coming years.

Financy Women’s Index by Quarter

Financy Women’s Index by Year

Years to Economic Gender Equality

The median timeframe to achieving total gender equality in Australia is 24 years. But the largest timeframe is 139 years based on progress rates in Education.

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Meet the FWX
Advisory Committee

The Financy Women’s Index is supported by an Advisory Committee, who believe in gender equality and the importance of measuring women’s financial progress. The Committee meets regularly to discuss the data findings and the best way forward for the Index to ensure it is as reliable and informative as possible.

The FWX Advisory Committee

Rhiannon Yetsenga

Manager Deloitte Access Economics
Rhiannon is a Manager in the Economic Analysis and Policy team within Deloitte Access Economics. She primarily works with clients in the Technology, Media and Telecommunications sector and leads Deloitte’s gender economics practice.

Dr Leonora Risse

Senior Lecturer in Economics at RMIT University

Leonora is an economist who specialises in gender equality. She is a Research Fellow with the Women’s Leadership Institute Australia and a co-founder of the Women in Economics Network in Australia. Her research focuses on evidence-based strategies to close gender gaps in economic outcomes.

Dr Shane Oliver

Chief Economist and Head of Investment Strategy at AMP
Shane has extensive experience analysing economic and investment cycles and what current positioning means for the return potential for different asset classes. He is also a highly sought after economics commentator for various media.

Nicki Hutley

Independent Economist
Nicki Hutley is a highly respected and sought after economist with a passion for social impact.
Simone Cheung

Simone Cheung

Partner in Deloitte Access Economics and leads the Health Economics and Social Policy team in NSW
She has over ten years of experience working in the intersection of government, private and the not-for-profit sector in improving health and social issues in Australia.

Bruce Hockman

former Chief Economist of the Statistical Services Group at the Australian Bureau of Statistics
Bruce has an economics degree from Adelaide University and he also did post-graduate studies at Macquarie University.

Prof Roger Wilkins

Deputy Director of the Melbourne Institute of Applied Economic & Social Research at the University of Melbourne
Professor Wilkins is also the Deputy Director (Research) of the HILDA Survey and produces the annual HILDA Survey Statistical Report.