The Impacts of COVID-19 on Women’s Money

The COVID-19 (coronavirus) outbreak has affected Australian and global economies, but Financy Women’s Index report is showing that women have been hit hardest financially, in the form of job cuts and lost income.

Lara Bourguignon, Managing Director, Superannuation, Retirement and Platforms at AMP and Bianca Hartge-Hazelman, editor and founder of Financy, discusses the latest quarterly Women’s Index and the key steps women can take to protect their financial wellbeing.

0:19 – Find out about the Financy Women’s Index
1:01 – Australian women are bearing the brunt of job losses as a result of coronavirus (COVID-19)
1:13 – Understand how COVID-19 is impacting female employment growth, including which the sectors of the economy have been hit the hardest (accommodation and food services)
1:50 – Unemployment due to the COVID-19 pandemic may exacerbate the gender gap in superannuation. Considerations for women in financial hardship to think about before accessing your super early
3:17 – Five steps women can take to protect their financial wellbeing
4:00 – Positive findings from the Financy Women’s Index

About the Financy Women’s Index
The Financy Women’s Index is a quarterly report that measures economic equality in Australia to provide a snapshot of women’s financial progress.
Read the full results for the March quarter of the Financy Women’s Index: https://financy.com.au/financy-womens-index/

Read more information about the impact of COVID-19 on women’s money:
https://www.amp.com.au/insights/COVID-19/impacts-of-COVID-19-on-womens-money

Original Author: Produced by AMP and published on 13/05/2020 Source