• Home
  • About
    • Privacy Policy
    • Write for Australian Women Online
  • Advertise With Us
  • Horoscopes
  • Style
  • Shoe Boutique
  • eFashion
  • Weight Watchers Australia

Australian Women Online

Business, career, health and lifestyle content for women

  • Home
  • BLOG
  • BOOKS
  • BUSINESS
  • CAREER
  • COOKING
  • HEALTH
  • LIFESTYLE
    • Automotive
    • Beauty
    • Fashion
    • Pets
    • Relationships
    • Your Home
    • Your Money
  • TECHNOLOGY
  • TRAVEL
    • Discount Holidays
You are here: Home / LIFESTYLE / Your Money / Research shows Australian women need to talk about money

Research shows Australian women need to talk about money

13 August 2018 by Australian Women Online

Share this:

  • Tweet
  • Click to email a link to a friend (Opens in new window) Email
  • More
  • Share on Tumblr
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to print (Opens in new window) Print
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Research shows Australian women need to talk about money

Photo by fotolia

Research by the Australian Securities and Investment Commission (ASIC) shows that on average, women retire with half the superannuation balance of men¹ and 85% of women under 35, don’t understand fundamental investment concepts².

Almost half of Australian women find money decisions overwhelming and stressful³ but if we don’t start talking about money today, we run the risk of of retiring with much less money than men, in the future.

While it isn’t easy to encourage young people (under 35) to start thinking about their retirement, ASIC has released a series of videos – Women talk money – featuring Australian women sharing their personal money stories and habits.

The videos were produced by ASIC’s MoneySmart program – part of the Australian Government’s National Financial Literacy Strategy – and feature Australian TV and radio personalities: Faustina (Fuzzy) Agolley; Jane Caro; and Kate Ritchie. There’s also a video featuring co-founder and CEO of Girl Geek Academy, Sarah Moran, whose organisation encourages women to learn technology, create start-ups and build more of the Internet.

In her video, Jane Caro talks about the value of big mistakes. “I got involved in a bad investment when I was young,” she says. “I felt like a fool and that I was no good with money but what I would say now is those [events] are recoverable from. Learn from it.”

More than 3.5 million women visited ASIC’s MoneyStart website last year4 however, research shows that Australian women need more education about money and ASIC is determined to make sure that they get it.

“We want women to engage with their finances and secure their own futures,” said ASIC Commissioner Cathie Armour. “We want to encourage them to share their personal stories and have real conversations about money so they become empowered. We believe this is the best way for women to have real control over their financial futures.”

“There are inequity issues to consider, the gender pay gap cannot be ignored,” she said. “And workforce issues are often further complicated by the fact that women tend to be carers – whether it’s for young children or elderly parents – and career breaks create situations where women don’t have the same continuity of earning their male counterparts have.”

“Women often focus on the everyday needs of their families and lives and have looked at money in a very immediate way. We want to change this and encourage women to look at money from a longer-term perspective.”

The Women talk money videos are available on ASIC’s MoneySmart website and YouTube channel.

References:
1. Australian Financial Attitudes and Behaviours Tracker (AFAB), Wave 6, 2018
2. Melbourne Institute, Household Income and Labour Dynamics in Australia (HILDA) Report, 2017.
3. Australian Financial Attitudes and Behaviours Tracker (AFAB), Wave 5, July 2017
4. Google Analytics for 2017-2018.

You May Also Like:

Filed Under: Your Money

Ads by Google
  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

New Content

  • Women in Wagering: How the Industry is Finally Tapping Female Players
  • Demolition Safety: 10 Essential Safety Tips and Guidelines
  • The Best E-Scooters in Australia: Features to Look For in 2025
  • Tips for Lingerie Shopping
  • The Checklist: How to Maintain a Commercial Vehicle
  • Safe and Fast: Payment Methods Used by Aussie Online Casino Players
  • Shade Without the Struggle: The Pergola That Makes Sense
  • Creating a Supportive Work Environment with Mental Health and Wellbeing Services
  • 10 Questions You Should Ask to Find the Right Pop-up Camper for You
  • Kangaroo Island Volunteers Pursue Ambitious Dream to Recreate Historic 19th Century Sailing Ship

Popular Content

  • Moore Weekly Stars
  • Women Who Have Become Gambling Legends
  • The Best E-Scooters in Australia: Features to Look For in 2025
  • Sexy and Stylish Short Hairstyles for Women Over 60
  • CHARLES & KEITH Large Geometric Handbag
  • Senso Cassie Sandals
  • Write for Australian Women Online
  • Weight Watchers Australia coupons, flash sales and discounts on joining fees & plans
  • These are Australia's biggest female esports players
  • Cookbook: CWA Classics by the Country Women’s Associations of Australia

Australian Women Online © Copyright 2007 - 2025 Deborah Robinson ABN 38 119 171 979 · All Rights Reserved