Women's money challenges
This women's money challenges infographic looks at the everyday
challenges women face and the small steps they can take now that
can make a big difference later.
View the accessible
text version of the infographic
Women's money challenges
(accessible text version)
How women manage day-to-day
8:00am - Meeting at work
- Paid work - 65% of women aged 20-74 years are in paid
employment (1)
11:15am - Phone call with Dad's surgeon
- Caring for others - 32.5% of women have caring responsibilities
for a parent(2)
5:45pm - Pick up Anna from after school care
- Families - 62.2% of employed women with a child under 5 work
part-time(1)
6.30pm - Dinner time
- Household duties - Full time working women with children spend
44 hours a week on household duties(3)
Short term priorities
80% of women say their top financial priority is providing for
their family's day to day needs(4)
Women and super
Average superannuation balance at retirement(2)
Why do women have less superannuation?
- Time out of the workforce
- Part-time work
- Caring responsibilities
Women live longer - average life expectancy for
women has increased to 84.4 years(5)
SMALL steps now make a BIG difference later
Get to know your super better
- Consolidate funds
- Keep track of your balance
- Pay a little extra into super
Make a plan for the longer term
- Manage your mortgage
- Family experiences
- Reward yourself
Build a savings buffer for life's ups and downs
- Changes in employment
- Relationship problems
- Medical issues
Sources
- Australian Bureau of Statistics, February
2016, Economic Security 6151
- Melbourne Institute, HILDA
Report, 2016
- NSW Department of Health,
Balancing work and caring responsibilities, 2011
- 'Women and
money across the generations', RMIT University, 2014
- Australian Bureau of Statistics, February
2016, Health 2321
Related links
Last updated: 06 Nov 2018