How would it feel to have enough money in the bank to comfortably support yourself during your retirement? Do you rely on your partner to take care of the ‘money side’ of life? For many women, feeling confident is strongly related to having financial security and economic independence.
Sex Discrimination Commission Elizabeth Broderick says mature-aged women can be disadvantaged later in life for various reasons.
“Those women who experience divorce later in life are financially negatively impacted. Not only that, but those women who leave full time work to take on a full time caring role…they will live in poverty because they choose to provide loving care during their lifetime. How equitable is that?” she said.
Elizabeth says that when it comes to the workforce, it’s vital for women to keep their foot in the door – even if it’s just doing a few hours a week from home. In the above interview she explains the challenges women face when it comes to economic independence – and she reminds us that ‘A man is not a financial plan’.