The Index is a scorecard on the financial progress of Australian women.
Financial inequality is a major obstacle to the progress of women, families and future generations.
To help tackle this, each quarter the Financy Women’s Index (FWX) measures and tracks financial progress and economic equality across eight areas that are important to the advancement of Australian women.
The data and the commentary contained in each quarterly report is designed to give individuals, media, business leaders and government timely insights into the challenges and opportunities that relate to women’s financial wellbeing in Australia.
The Index is supported by Deloitte Access Economics, which provides economic modelling and analysis to assist with the development of the Index and Reports.
Data contained in the Report is reviewed by the Women’s Index Advisory Board; Dr Shane Oliver, Nicki Hutley, Roger Wilkins, Joanne Masters and Bruce Hockman. The Index is also reviewed by the Australian Bureau of Statistics.
The Index is very much made possible with the sponsorship support of Deloitte, OneVue holdings and AMP Services.
Creative works are produced by We Are Why Pty Ltd.
The Report is written by Bianca Hartge-Hazelman and includes analysis of publicly available statistics across the following areas: unpaid work, tertiary education, employment, workplace participation, wages, superannuation and gender diversity on the boards 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 timeframe to economic equality in Australia has blown out to 36 years, up from 32 years.
The Financy Women’s Index rose by 2.4 points in the June quarter to a revised 73.7 points but largely as a result of male underemployment conditions deteriorating faster than female.
The Index was helped by an increase in the number of women on ASX 200 boards which rose to 31.3%.
The Index was held back by gender gaps widening in the participation rate, full-time employment numbers and the gender pay gap.