Unfortunately, the pay gap between men’s and women’s salaries remains unequal at 14% Australia-wide, leading to a significant difference in superannuation balances, despite women having attained higher education levels.
The Australian Bureau of Statistics (ABS) has released data this week showing women’s full-time adult average weekly ordinary time earnings were 86% of that of men. Furthermore, the wages gap has led to a gap in superannuation levels, with women’s median superannuation balance standing at $168,000 compared to $208,200 for men in the 2019-20 financial year, the ABS data show.
Kris shares with the the InvestorDaily, Financial Standard and Advisor Voice for actions to consider to eliminate the gender gap once and for all.
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