Sunday, March 14, 2010

Gender pay gap shows no sign of abating


* Women earn 17pc less than men
* Pay inequality worth $1m over lifetime

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.

According to statistics from Rice Warner Actuaries and the Australian Council of Trade Unions, Australian women earn an average of 17 per cent less than men, which sets them up for a lifetime of financial inequality worth up to $1 million.

See full Article.