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.
Lastest Results
What do the latest results tell us about gender financial equality?
Progress towards gender financial equality in Australia accelerated in the June quarter, with the Financy Women’s Index (FWX) increasing to 78.67 points, a strong 0.9% gain from 77.94 in March 2025.
The headline result, which builds on the 0.76 point (1.5%) gain for the year to date, was driven by broad-based improvements in women’s employment, underemployment, and the gender pay gap.
The only setback came in ASX 200 Board Leadership, as progress on gender diversity stalled among the country’s largest companies.
The undervaluation of women’s employment in care-related roles in terms of pay gaps and the persistent imbalance in unpaid work continue to hold back progress.
This occurs at a time when national productivity could benefit from a boost of better utilising women’s skills and the active spotlight on closing financial gaps.
Key Results
- Progress towards gender equality accelerated in the June quarter, with the Financy Women’s Index (FWX) up 0.9% or 0.73 points to 78.67 points, an improvement from 77.94 points in the March quarter.
- The national gender pay gap narrowed to 11.5% from 11.9%, its best result on record. This helped improve the timeframe to pay parity to 21.5 years – which is also the median timeframe for financial gender equality.
- Employment conditions for women were robust helped by increased flexible and part-time work opportunities; female monthly hours worked grew by 1.0% over the quarter, significantly outpacing male hours worked which grew by only 0.2%.
- The gender gap in underemployment also improved, as the female underemployment rate fell while the male rate rose.
- Progress on corporate boards stalled as many of the country’s biggest companies hit their 40% target and appear to have paused on the idea of going for 50% gender balance.
- Despite the gains in Employment and Pay, many highly educated women remain underutilised and restrained in terms of their ability to realise their full potential and contribute to national economic productivity.
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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Past Reports
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
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
Nicki Hutley
Independent Economist
Simone Cheung
Partner in Deloitte Access Economics and leads the Health Economics and Social Policy team in NSW
Bruce Hockman
former Chief Economist of the Statistical Services Group at the Australian Bureau of Statistics
