Australian Council of Trade Unions president Ged Kearney said analysis of this year’s budget showed younger women were some of the budget’s biggest losers. “Another generation of women will have less money, less opportunity and less financial security because they’re earning lower wages than their male counterparts from graduation, to childbearing years and right through to retirement,” Kearney said.
According to the 2017 Workplace Gender Equality Agency report there is an average gender pay gap for recent graduates of 9.4 per cent favouring males.
The NFAW report said: “It may not make financial sense for a woman with young children to take up a position with a salary that is close to the repayment threshold, if it jeopardises other benefits and if she is required to pay for childcare as well.”
