Women's Financy Index: still 101 years to go for gender equality in Australia
/The latest Financy Women’s Index March quarter report has showed that the financial progress of women is back on track after a female-led job’s recovery from the pandemic, but there is still a lag in gender equality in Australia.
Key findings of this quarter’s report include:
The Financy Women’s Index rose 0.7 points to 71.6 points in the March quarter on the back of the worst quarter in eight years in December 2020
The Index rose 1.8 points (0.8 per cent) year-on-year, the strongest start to a year since 2018
Female employment helped drive the improvements with a further increase in the number of women in directorships on ASX 200 companies, which is continuing into the June quarter
If we take the worst-performing sub-index, unpaid work, we still have 101 years to wait for true gender equality in Australia
In the March quarter, the time it will take to achieve gender equality in the employment sub-index fell to 30 years, down from 34 a year earlier, with the slowest annual growth rate since 2018
Jobs recovery was strongest amongst women over 35 years of age, with younger women and those entering parenthood are being left behind
The pace of progress is still extremely slow
Unique to this economic downturn, Australian women are driving the recovery from the pandemic with women in work at record highs and the fastest rate of increase in over 40 years in hours worked per month by any gender in the March quarter.
