Women in Super’s Post

Great insights here from Cheryl Gray and Natalie Previtera We are often asked why are we a network focused on women? We think this sums it up….”When women thrive financially, our families, communities, and the entire nation benefit. Men and women aren’t competitors – we’re on the same team, aiming for a future where everyone can achieve a secure and dignified retirement.” As disabled female entrepreneurs working within the existing business fabric, we collectively need to deconstruct the system that has not provided the same level of opportunity to women and those with disabilities and create equity within business. Gender based networks help target the structural changes necessary to remove the barriers that prevent economic independence for all….. all genders, all abilities.

Great things are about to begin. Aussie #Women, You can change your relationship with Money. You can find out which one of these 3 is your weak spot. Making money Managing money Multiplying money You can get help & Support to strengthen it. You can develop confidence & change your results with Money. In all reality it will take around 90 days, There’s no reason for things to stay the same. When you start doing #Money you begin to step into your personal power. Stay tuned as #Raiz and #WomensNetworkAustralia conspire to help more Women make doing money part of your everyday life!

Exciting. FY24-25 theme is “building confidence and freedom via wealth”. Share any tips or encouragement on that topic.

“According to a prior Ellevest survey, exactly 0% of women think the financial services industry was built with them in mind.)…Today, 94% of women believe their economic #power is being underestimated… When asked who would benefit most from the Great Wealth Transfer — which will put tens of trillions of dollars in the hands of women over the next few decades, and result in women owning the majority of wealth in the US — just 17% of men said it would be women. (And less than 1/2 of women surveyed — 42% — thought it would be women.)… Receiving a financial windfall increases women’s #confidence 1.8x — from 45% reporting that they’re confident with money, to 81%. And it means that they become more confident about their ability to manage their #money than even men are (at 77%)… It’s so significant that it obliterates the long-held taboos around women talking about money. 77% of women giving or receiving a financial windfall say they're comfortable talking about money with their families. This holds across generations, upending internalized money taboos. When women do reach out to the #wealthmanagement industry, 65% of #GenZ women — and close to 50% of #Millennial women — say they want to work with a woman financial advisor; but they don’t see themselves reflected there. Women with #agency over their own money simply spend and invest their money differently than men do… MacKenzie Scott (formerly MacKenzie Bezos, divorced) is donating her money to #nonprofits that align with her values, while her ex-husband amasses more wealth and goes to space in a suggestively shaped rocket. Laurene Powell Jobs (widowed) founded Emerson Collective to support social entrepreneurs and organizations working in #education and #immigration reform, social #justice, journalism, and #conservation. Melinda French Gates (divorced) founded Pivotal Ventures to invest in accelerating social #progress and #equality; she has a particular focus on #investing in the underrepresented (and is an investor in Ellevest). Our findings show that, in addition to people significantly underestimating how much women’s economic power is set to grow through the Great Wealth Transfer, we are also not prepared for the seismic changes that it could usher in. Changes for women, of course. And for everyone who does #business with women, and whose customers are women, and who's funded by women, and who's raised by women, and who's related to women. By this measure, the Great Wealth Transfer has the potential to reshape society — and society’s beliefs about women and #wealth — and will affect us all … whether or not you’re a recipient of a financial windfall.” All excerpts, images & #data from Sallie Krawcheck’s Ellevest team: https://lnkd.in/eCD2usvx #investing #philanthropy #assetmanagement #entrepreneurs #relationships #networking #community #leadership #inheritance #culture #belonging #diversity #equity #inclusion #cultureofmoney

Kellands Chartered Financial Planners is proud to support International Women’s Day, taking place on Friday, 8 March. It is a day designed to recognise the achievements of incredible women around the world, alongside campaigning for further progress in women’s rights. Our latest article looks at ways that women can become more financially empowered. You can download it here ⬇️ #iwd2024 #financialplanning #womeninfinance #financialempowerment

Behind every successful woman is another, paving the way for financial independence. Let's break barriers and empower women through mentorship and advocacy. 🙌 #womenempowerment #women #financialinclusion https://lnkd.in/dznxwGpk

From the article: “There are two gaps where I believe women can really take the lead in wealth generation over the next five to 10 years. They are also two pillars of Australia's wealth ecosystem - shares and superannuation”.

Happy International Women’s Day! Today is a global day celebrating the achievements of women, whether it be social, economic, cultural, or political. Being a woman has changed tremendously since 1893 when New Zealand became the first nation to allow women to vote. However, the work towards women’s rights is far from over, especially when it comes to retiring. On average, women are retiring with lower finances than men, and they are likely to live longer which comes with increased costs, according to a report from the Retirement Commissioner. Lower finances are a result of many factors, including perceptions around the value of women’s work, both paid and unpaid. NZ Super is a key source of income for older women and especially for women living alone. Women aged 65 and over are more likely than men to be living alone in retirement due to their longer life expectancy.

💡 In the world of finance, women often find themselves trailing behind men. At Penny, empowering women with money is our mission. Today, we're sharing why the team at Penny is committed to investing in women every day and changing the game for women and money. So, let's take a closer look at the numbers: 🚺 According to The Australia Institute’s Centre for Future Work, women in Australia earn a shocking $1 million less than men over their lifetimes. 👵 The Australian Human Rights Commission highlights women over 55 as the fastest-growing demographic facing poverty and homelessness. 📈 The ASX reveals women remain underrepresented overall as net new investors, with affordability ranking as a top barrier. 🔍 A Global Financial Literacy Excellence Center (GFLEC) report shows only 56% of women in Australia are financially literate. The facts speak volumes. Across all financial areas, women face significant challenges. They earn less, save less for retirement, and struggle to build wealth compared to men. So, what do these numbers tell us? 🤔 🗒️ The pressing need to boost financial literacy, independence, and confidence levels among women in Australia. 🗒️ How financial challenges accumulate over women's lifetimes, especially as they near retirement. 🗒️ The potential for intervention to close these gaps and empower girls and women to achieve financial independence and security. 💡 The main takeaway is crystal clear: women lag behind men in every financial aspect—from pay and savings to confidence and homeownership. With such glaring disparities, we must invest more in women than ever. 💡 This is where Penny comes in. Penny is more than just a wealth platform—it's a supportive community empowering women to make confident financial decisions. Our mission is to bridge the gender wealth gap by offering tailored services that cater to women’s unique financial needs and experiences. 🪙 👛 Join the Penny community today, and let's pave the way for a more equitable financial landscape together! www.urpenny.com 🏷️ #InternationalWomensDay #IWD #GoodMoneyDecisions #LifeOnYourOwnTerms #WomenSupportingWomen #MoneyGoals #PennyCommunity

Australia's superannuation industry holds immense potential for growth and innovation, yet it's no secret that women face unique challenges in building their retirement savings. However, amidst these challenges lies a remarkable opportunity for empowerment through collaboration and support. The compounding effect of women helping women in Australia's superannuation industry cannot be overstated. When we come together to share knowledge, resources, and mentorship, we not only amplify our individual successes but also pave the way for a more inclusive and equitable future. From advocating for policies that address gender pay gaps to championing initiatives that promote financial literacy among women, each action we take has the power to create a ripple effect of positive change. By actively supporting and uplifting one another, we not only bridge the gender gap but also unlock the full potential of our industry. As leaders, professionals, and advocates, let's harness the collective power of our voices and experiences to drive meaningful progress. Whether through networking events, mentorship programs, or simply extending a helping hand to our fellow women in the industry, every contribution matters. Together, let's cultivate a culture of empowerment and solidarity that propels women in the superannuation sector towards greater financial security and prosperity. The future is bright when we unite in support of each other's success. #WomenSupportingWomen #Superannuation #Empowerment #Inclusion #FinancialLiteracy #AustraliaFinance