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International Women’s Day Report 2021

A Finder report on the personal finance gap between men and women

From pay gap to parity

Picture not describedGender inequality has become an increasingly debated topic in recent years – and for good reason. While Australia has made strides towards equal wealth distribution, there is still significant work to be done, particularly given how COVID-19 has disproportionately impacted women and their finances.

Our report for International Women's Day, From pay gap to parity explores the ways in which women outperform men when it comes to money as well as the barriers they continue to face in 2021. Using data from 21,564 respondents from Finder's Consumer Sentiment Tracker, the report identifies the areas where women remain at a financial disadvantage. It explores the primary drivers for gender inequality in finances, including the pay gap, the "gender premium" on basic goods and services, the disparity in financial literacy and the lack of female investors. Finally, we seek advice from Finder's experts on how to turn things around and help women get ahead when it comes to their money.

Click here to download the full report.

Watch our expert panel discuss the findings

To launch the report, we hosted an all-star virtual panel to discuss the findings in more detail and explore the relationship between gender and personal finances in Australia. Our very own senior home loans editor Sarah Megginson moderated the live YouTube event with Fiona Guthrie (CEO, Financial Counselling Australia), Christina Hobbs (CEO, Verve Super) and Lucy Dean (Women's Wealth Editor, Yahoo Finance).

You can watch the full hour-long discussion below:

Key statistics

Average manAverage woman
Amount in savings$36,851$21,398
Monthly savings$873$600
Amount in super$154,453$122,848
Retiring without super13%23%
Number of credit cards1.130.86
Credit card debt$8,148$5,416
Level of financial stress68%76%
Net wealth$449,000$400,000
Most likely to turn to for investment adviceNews/ financial websitesFamily and friends
Credit score778796
Struggle to pay mortgage/rent25%28%


  • Women are more responsible with their money when it comes to saving and spending.
  • Women have higher average credit scores and are less likely to be rejected for products like credit cards, loans or insurance.
  • Female investors get higher investment returns than their male counterparts, but women are less likely to start investing in the first place.
  • Women have less in cash savings and superannuation than men and are more likely to retire without super.
  • Women are more likely than men to carry some form of debt, particularly when it comes to student loans and buy now pay later.
  • Women have less credit card debt than men, but it takes them longer to pay off their debt.
  • Financial stress disproportionately impacts women, particularly when it comes to grocery bills and rent or mortgage payments.


The gender pay gap

Finder analysis of ABS data found a $23,660 gap in full-time earnings between men and women. Women are also more likely to work part-time or casual jobs or take on domestic and caretaking roles that are not remunerated.

The gender premium

Finder analysis of a range of basic goods and services found women spend $679 more per year on average than men, with income protection insurance and contraception topping the list.

The financial literacy gap

There is a disparity in financial literacy between men (63%) and women (48%), particularly when it comes to superannuation, income protection insurance, personal loans and gas bills.

The investing confidence gap

Women have a lower appetite for risk than men and are more fearful of investment underperformance or hidden fees, which prevents them from investing. Some women also agree the stock market is tailored to men.


Women are more likely to have become unemployed or underemployed as a result of the pandemic. They are more likely to have suffered financially and report higher levels of job insecurity and financial stress due to the recession.

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