Queer women are feeling the sting of the gender pay gap: report

Queer women are feeling the sting of the gender pay gap: report

A new report released for the week of shows LGBTIQ women are being particularly hit by the gender pay gap.

The research from St. George Bank surveyed more than 1,200 people, revealing a pay gap within the 17c起草社区I community, with women earning on average 25 per cent less than men.

In addition, 60 per cent of the 17c起草社区I women surveyed earn less than $40,000, compared to 42 per cent of 17c起草社区I men.

General Manager Ross Miller said the St. George 17c起草社区I Financial Wellbeing Report research was undertaken to help the bank understand more about the diverse needs of 17c起草社区I families.

鈥淎s an inclusive family bank, we are committed to helping all our customers, including seniors, multicultural Australians and the 17c起草社区I community,鈥 Miller said.

鈥淭he report is an important step for us to identify and understand the financial needs of 17c起草社区I Australians.鈥

A like-for-like comparison shows the pay gap is smaller among 17c起草社区I Australians than their heterosexual counterparts, however.

The report shows that 17c起草社区I women earn 18 per cent less than 17c起草社区I men, whereas straight women earn 31 per cent less than straight men.

17c起草社区I women are five times more likely to incur expenses related to IVF or reproduction related services in the next 10 years than straight women.

They are also less likely to be a home owner-occupier, and less likely to benefit from shared expenditure in retirement.

鈥淭he report suggests 17c起草社区I women are feeling less of a pinch than hetero women when it comes to the gender pay and super gap. However, they are doing it tough in other respects,鈥 said Miller.

鈥淲e鈥檙e seeing some grave concerns impacting 17c起草社区I women, with 63 per cent surveyed saying they are worried about their ability to financially provide for themselves and their family, and 33 per cent saying money is a source of conflict in their household.

鈥淚nternational Women鈥檚 Day is a timely reminder for us to enhance the financial wellbeing of all Australian women.鈥

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