For many people, feminism invokes images of women burning bras, growing hair under their arms, and a movement that is anti-male. The Oxford dictionary defines feminism as “The advocacy of women’s rights on the ground of the equality of the sexes.” Which is of course why feminism is still absolutely essential. In Australia today, there are some confronting statistics we need to acknowledge:
- 90% of women will have inadequate savings at retirement;
- A 25 year old woman with a postgraduate qualification is expected to have lower lifetime earnings than a man with a Year 12 qualification;
- Between the ages of 35-44, men earn 21.8 % more than women;
- 34 % of working women are still denied paid parental leave;
- Nationwide, men earn an average of $1380 per week, compared to just $908 for women; and
- Its estimated that 30% of all victims of domestic violence experience their first episode when pregnant.
The report also focused its attention on the 3 key drivers of financial inequality:
- Fields of study, career choices and pay gaps;
- The gendered nature of caring responsibilities; and
- Discrimination & structural bias.