Women are at risk of poverty

“Single elderly women – aged over 60 – living in Australia have the unfortunate distinction of belonging to the lowest income earning family group in the 2017 HILDA survey. This family subset, according to the survey, earns on average, less than $30,000 a year. It’s also the most likely household type to live in poverty. When it comes to finances, many women face an uphill battle all their lives. We’re paid less than men. In 2017, Australia’s full time gender pay gap is 15.3 per cent, or $251.20 less for women each week… When we retire, it’s with around half the superannuation of our male counterparts. “Superannuation is a system built for men, by men,” says Pascale Helyar-Moray, CEO of Human Super, a fund designed for women.” Read the full article here: https://lnkd.in/fjCmCBh hashtagsuper superannuation money financialstress womenandmoney womenhelpingwomen womenempowerwomen womenempoweringwomen womeninbusiness moneycoach moneymindset moneycoaching mindsetcoach femalefinancialempowerment retirement genderpay genderpaygap poverty