The 5 core areas identified by eS4W members for review are:
Promoting women’s ability to secure decent work, predictable, sustainable and liveable incomes, equitable access to career progress, accumulate relevant assets, and a life without fear of violence, neglect and the feminisation of poverty, is critical.
The OECD explains economic empowerment as the capacity of women to participate in, contribute to and benefit from growth processes in ways that recognise the value of their contributions, respect their dignity and make it possible to negotiate a fairer distribution of the benefits of growth.
External factors can influence our financial situation. For example changes in mortgage interest rate, changes in price of rent, job loss, changes in family structure, increased caring of children and/or the elderly, domestic violence, separation and/or divorce, etc.
Most people in Australia participate in the labour force at some stage in their lives, with paid employment of importance financially and personally. Labour force participation changes as people join or leave the labour force, and may be affected by other decisions such as combining work with study or family responsibilities.
There are a range of income inequalities that impact both on economic security in later working life and after retirement. For example – Transitioning to retirement, as a self-funded retiree, Age Pensioner or self-employed.