The gender pay gap can cost women up to $1 million over a lifetime
* Women earn 17pc less than men
* Pay inequality worth $1m over lifetime
* Women have more self-managed super
WORKING mothers and daughters can expect to be $1 million worse off during their lifetime, compared with fathers, as pay inequality and financial bias keep their incomes and assets low.
By Karina Barrymore
March 08, 2010 6:34AM
What does this tell us?
It tells us that even on International Women’s Day and even in Australia, the right of women to a fair go and equal treatment still has a long way to go.
It tells us that women’s higher participation in education still does to not pay off equally with men’s participation in education.
It tells us that women still need to strive together to achieve parity with men in many areas of life.
The recent Febusave campaign by ANZ also highlighted the need for women to take control of their financial destiny. Better finances are an important component of choice and freedom for women.
But these are all first world problems.
There are terrible and sad situations with women in many developing parts of the world. In those places women suffer physically and mentally due to oppression, violence and war.
Why not reach and help a woman in developing world this IWD?