The Financy Women’s Index is a scorecard on the financial progress of Australian women.
Financial inequality is a major obstacle to the progress of women.
To help tackle this, each quarter the Financy Women’s Index (FWX) measures financial progress and inequality across eight areas that are important to the advancement of Australian women.
The Index Report provides analysis and commentary on the gains, opportunities and challenges facing women in pursuit of economic equality with men.
Estimated time frames of inequality and suggested actions are also provided to both highlight and help address areas of disadvantage and in support of financial progress.
The Women’s Index is written for Australian women, business and government.
The Women’s Index is made possible with the sponsorship support of OneVue Holdings, AMP Australia and the Association of Financial Advisors.
It is also supported by an expert Advisory Committee which includes Dr Shane Oliver, Nicki Hutley, Roger Wilkins, Joanne Masters, Heidi Sundin, Bruce Hockman, as well as the Australian Bureau of Statistics and data analyst Dan Petrie. Creative works are produced by We Are Why Pty Ltd.
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, tertiary education, employment, workplace participation, wages, superannuation, data on 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 2019 December quarter delivered a strong finish to the decade, helped by a number of fresh records set in women’s financial progress
However the pace of 2019 progress disappointed with a decline by over half of what was achieved in 2018
Year-on-year the Index rose 1.7 per cent to finish at 119.9 points, compared to 117.8 points in December 2018
In the December quarter, the Index rose 0.9 per cent from a revised 118.8 points in the September quarter
2019 progress was helped by records being broken in full-time employment, the participation rate, tertiary education enrolments and in the gender gaps in pay and super.
The gender gap in unpaid work also fell to its lowest level since our records began and currently shows women in relationships doing 60% more household and caring work than men.