27 Dec 2020 12:37 PM | Jean Murray (Administrator)

Financy produces the Financy Women’s Index – a report card on women’s progress towards economic equality with men in Australia.  Financial vulnerabilities and on-going inequalities faced by many Australian women have been exposed by COVID-19 during 2020. Early in the pandemic, female job losses outnumbered male as key industries went into lockdown, home schooling was introduced and social restrictions were enforced. However as restrictions were eased, female employment growth recovered at a faster rate than male. This finding helped to lift the Financy Women’s Index by 2.2%. We know  wherever gender gaps existed before the crisis, they have persisted during it, and in many ways, women's advancement has circled back in time. The number of women engaged in part and full-time work today is similar to 12 to 18 months ago; the number of women studying post-school educational courses is where it was 2 years ago; the gender pay gap is where it stood this time last year. There is uncertainty about what the gender gap in unpaid work will look like because of COVID-19 and women’s long-term financial security, as measured through superannuation.

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