Economic Security4Women invites you to write a letter to your younger self

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Economic Security4Women invites you to write a letter to your younger self

This year, to mark Equal Pay Day on 4 September, Economic Security4Women launched a website to inspire women, especially younger women, to do what they can to overcome the long term impact of the gender pay gap: the gender wealth gap.

‘Today we are pointing to steps women can take towards their improved financial independence’ said Ms Sandra Cook, the chair of economic Security4Women.

‘The gender pay gap contributes to the gender wealth gap and results in women retiring with less superannuation and fewer assets than men and sadly, at a higher risk of poverty in their old age’.

The new website encourages women to think about their financial security and lists actions they can take now to maximise their savings and retirement incomes.

The advice in the letters has the benefit of hindsight, of a woman looking back at a decision she made and its longer-term impact on her economic well being, within that environment.

There are structural causes of our lower superannuation balances: the gender pay gap, time out of the workforce to care for family and friends, and earlier retirement.

‘We encourage every woman to take some time to write a letter to her younger self about a major decision you made when you were her age’.

 ‘This is an opportunity to share your knowledge about the impact that decision had on your financial position, now and/or then or in-between’.

Visit the website Letter to my younger self and write your own letter