Women’s Financial Progress Slips Amid Slowing Australian Economy
- Measure of economic progress drops for first time in a decade
- Economists say that men benefitted more from Covid stimulus
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A slowing Australian economy has stalled women’s financial progress for the first time in a decade as higher interest rates weighed on female employment.
The Financy Women’s Index, which measures the economic progress of women and the time it will take to reach gender equality in Australia, slipped 0.1 points to 76.2 out of 100 in the final quarter of 2022.