financial planning

What are you doing to improve your financial health and wellbeing?

The latest research on the gender pay gap has seen it drop to the lowest level on record, which is something to be celebrated. However, Australia’s national gender pay gap remains 13.3 per cent. To put this into perspective, according to the Workplace Gender Equality Agency (WGEA) as of November 2022, women’s average weekly ordinary full-time earnings across all industries and occupations was $1,653.60. Australian men’s average weekly ordinary full-time earnings are $1,907.10. That’s $253.50 less than men each week, which over the course of a year adds up to be $13,182. Now, if you multiply that by 10 years, …

What are you doing to improve your financial health and wellbeing? Read More »

Financial literacy falling with women on leave also struggling to secure loans

By Kate Hill

It appears that our financial literacy is on the downturn with women struggling the most to understand simple financial questions. According to new research, our financial literacy fell significantly between 2016 and 2020, which has reportedly left researchers “dumbfounded”. The latest Household, Income and Labour Dynamics in Australia (HILDA) found that declines in financial literacy were larger among people aged under 35 than those in older aged groups. Women scored lower than men across all age groups in both years, according to the study. Respondents aged 15 to 24 scored just 2.9 out of 5 in 2020, after scoring 3.4 …

Financial literacy falling with women on leave also struggling to secure loans Read More »

The Great Wealth Transfer Is Under Way

By Kate Hill

What is the great wealth transfer? New research has found that the great wealth transfer is under way and it will be women and not men who will hold the most wealth in the years ahead. Of course, I would hope this was because of the skyrocketing numbers of female investors – and that day will hopefully arrive – but the reason for this shifting financial balance of power is simply due to longevity. That is, by 2025, it is estimated that women will hold 60 per cent of Britain’s wealth, having inherited most of it from their deceased spouses, …

The Great Wealth Transfer Is Under Way Read More »

What are you doing to improve your financial health and wellbeing?

Financial literacy falling with women on leave also struggling to secure loans

The Great Wealth Transfer Is Under Way

Subscribe to our market updates! All the latest insights into the Australian Property Market in your inbox

* * *