The Financy Women’s Index is a scorecard on the financial progress of Australian women.
In this June quarter, the following Report is focused on presenting fresh insights on tertiary education, employment, underemployment, work participation, wage gaps, leadership and superannuation.
We have also introduced a new section, and eighth area to this body of research, in Unpaid Work as it may limit a woman’s ability to participate in paid employment and educational opportunities. It also then contributes to the gender pay gap and superannuation wealth disparity.
Across each of the key areas examined, this Report provides commentary which allows us to reflect on the gains and challenges facing women in pursuit of economic equality with men. Suggested actions are also provided to address areas of disadvantage and in support of financial progress.
The Women’s Index is written for Australian women, business and government.
It is reviewed by Dr Shane Oliver, Nicki Hutley, Roger Wilkins, Joanne Masters, Heidi Sundin, Bruce Hockman and the Australian Bureau of Statistics.
The Report is written by Bianca Hartge-Hazelman and includes analysis of government and industry statistics, as well as national survey data on unpaid work, data on tertiary education, employment, workplace participation, wages, superannuation and the board representation of Australia’s largest companies.
Ultimately, the purpose of the Index is to help inspire women to live more courageously and confidently – to be Fearless.
The Financy Women’s Index rose 0.5 points to 123.9 points in the June quarter, from a revised 123.4 in the March quarter.
Based on the 2018-19 financial year progress, Australian women are 45 years and well over a generation away from achieving economic equality.
Annual pace of financial progress relative to males slowed due to a moderation in the pace of female full-time employment and little improvement in female appointments on ASX 200 boards and unpaid work.
Progress was helped by a record narrowing in the superannuation gender gap and small declines in female underemployment and unpaid work.