array(1) {
[0]=>
&object(stdClass)#6909 (52) {
["id"]=>
string(5) "17673"
["title"]=>
string(136) "Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products? "
["alias"]=>
string(131) "will-housing-affordability-improve-in-2022-will-buy-now-pay-later-become-the-norm-why-are-aussies-staying-in-failing-super-products"
["introtext"]=>
string(254) "
In this episode of The nestegg Podcast, host Maja Garaca Djurdjevic checks in with our three experts, digging into the biggest headlines of what’s happening when it comes to the world of superannuation, property, investing and wealth creation.
"
["fulltext"]=>
string(1072) "
Steve Waters, director of Right Property Group, talks about affordability, inflation and his expectations for property in 2022.
RMIT senior lecturer of finance Dr Angel Zhong covers the interesting topic of buy now, pay later and what its introduction to the hospitality industry could mean for consumers. She also relays her thoughts on CBA’s entry into crypto and how other banks may react.
Finally, tax and super guru Timothy Munro tackles the likely return of a popular tax-saving measure in 2022. He also delves into super’s stellar performance and why Aussies aren’t leaving failing MySuper products.
Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.
In commemoration of International Women's Day this week, data has been released which tracks the history and progress of the gender pay gap in Australia - and predicts when pay parity will be a reality.
Predictions: When equal pay will be a reality in Australia
By Reporter
March 08 2019
Share
In commemoration of International Women's Day this week, data has been released which tracks the history and progress of the gender pay gap in Australia - and predicts when pay parity will be a reality.
Advertisement
Advertisement
> Metrics measuring the economic progress of women in Australia hit record numbers in the March 2019 quarter. Still, equality is unlikely until 2031 at current rates of growth.
The Women’s Index rose 1.9 points to 122.7 points in the March quarter, up from a revised 120.8 points in December 2018.
“The result reflects the fastest pace of women’s quarterly progress in two years, helped by record female full-time employment, workforce participation, improved educational enrolments and earnings growth relative to men as reflected in a record low of the gender pay gap,” said Financy, the company behind the Women’s Index.
Persistent problem areas in Australia which drag the index down include female representation on boards. The number of women occupying ASX 200 board positions rose to 29.7% in February after a dip to 29.6% in January.
The superannuation savings gap between men and women in retirement is also a major barrier. The average account balance for women is 34% less than that of the average man.
The sectors that recorded the biggest drop in their gender pay gaps in the March quarter are male-dominated and include construction and transport, postal and warehousing. They experienced respective declines of 2.6 percentage points to 12.5% and 2.1 percentage points to 15.7%.
Financial and insurance services and health care and social assistance, which is the most female dominated, continue to be the worst performing industries for the gender pay gap. They rose by 0.2 percentage points to 26.9% and 0.8 percentage points to 25.8% respectively in November.
“The financial sector holds the unenviable title of the least equitable for its mean pay gap of 26.9%,” said national chair of the Asssociation of Financial Adviser’s ‘Inspire’ group, Kate McCallum.
“This is not a woman’s problem. This is a system problem. There are inherited systems and structures in financial organisations that simply don’t support women to thrive,” she said.
"Most companies acknowledge this and are already doing some great stuff. The challenge is, we’ve been trying to eliminate the pay gap for years and it’s not budging. It’s time for bold moves,” she said.
Predictions: When equal pay will be a reality in Australia
Sick of reading? Let the Nest Egg Podcast deliver information on topics as varied as crypto and emerging markets to retirement strategies and financial literacy straight to your ears.
nestegg will keep you informed about the latest in banking, credit cards, and loans. With our wide-range of comprehensive content, you can get all the information you need on how to borrow money more effectively.
Learn everything you need to know about investing your money. With nestegg, you can get fresh, spot-on information about cryptocurrency, mutual funds, properties, stock market, and other platforms you can use to invest your money effectively.
