Women's Index: Australia is still an economically unequal society

The Financy Women’s Index tracks and measures the economic progress of Australian women each quarter, with September results published recently. We’ve made some financial progress, but women are still waiting on society to catch up when it comes to unpaid work. The index crept up 0.6 points to 124.8 points, from a revised 124.2 points in June 2019.

Financial inequalities in the index are measured across eight key areas:

  • Education

  • Employment

  • Underemployment

  • Participation rate

  • Unpaid work

  • Wages

  • Boards

  • Superannuation

Key results of the September quarter index include:

  • Pace of progress has slowed quarter-on-quarter primarily due to a dip in female directorships on ASX 200 boards

  • The index was bolstered by record highs in female participation rates and female full-time employment numbers

  • Workforce inequalities may take another 37 years to resolve

  • We’re looking at, with the current pace of change, at 200 years to achieve gender balance in unpaid work in Australia

  • Gains were also seen due to improvements in the gender pay gap and in superannuation

  • The pace of unpaid work and female board appointments held us back

  • Female board appointments dropped slightly to 29.5 per cent from 29.7 per cent in June and December 2018 - the worst figures in a decade

  • The gender pay gap is at a new low of 14 per cent

  • We’re making progress in superannuation balances, with 2015-16 super balances for women 34 per cent less than men, while now it’s (still a high) 28 per cent less

See the Financy Women’s Index