FINANCIAL LITERACY NETWORK: SPOTLIGHT ON WOMEN’S FINANCIAL INDEPENDENCE

r-FINANCIAL-LITERACY-FOR-WOMEN-large570The Auckland Financial Literacy Network met last month at the HSBC House in Auckland CBD, to discuss:

  1. Women’s financial independence
  2. The importance of closing the gender pay gap, and
  3. How financial literacy issues affect young Pasifika women in New Zealand.

There was a fantastic turnout, with the conference room reaching capacity. Guest speakers Kelsi Cox and Saumalu Kali from YWCA highlighted that although the gender pay gap is steadily decreasing in New Zealand, a gap of 9.9% was recorded in 2014 – meaning that women earned an average of $300 less per week than men.

Participants learnt that women in New Zealand face constant delays in their careers, with policy and organisations limiting paid leave and employment. This is a disadvantage for women trying to pay off student loans and contribute to their savings.  For example, statistics show that it takes women three years longer to repay student debt.

More organisations are looking at their diversity policies however, and making changes to counteract gender inequalities in the workplace.

For more information on the work COMET Auckland is doing in financial literacy, or to be involved in the next Financial Literacy Network meeting, please contact our Skills Manager Shirley Johnson at shirley.johnson@cometauckland.org.nz

For the full March 2015 newsletter, please click here.

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