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 Financy Women’s Index improved 0.6 points to 124.8 points in the September quarter, compared to a revised 124.2 points in the June quarter.
2019 is likely to be the worst year over the past decade for female ASX 200 board appointments.
The Index score was helped by record highs achieved in the female participation rate and full-time employment numbers.
Gender equality is nearly 200 years away in Unpaid work, 37 years away in the workforce and it may take 24 years to close the gender pay gap.