Australian report further highlights the gender pay gap.
In itself, the gender pay gap is a huge talking point. Showing a clear divide between men and women, it’s way past time that employers sort their shiz out.
A new report has highlighted that there is also a clear pay gap between women and men who both identify as LGBTQ+ in Australia.
The St.George LGBTQI Financial Wellbeing Report set out to see how salaries varied between members of the LGBTQ+ community, and also looked into household finances and overall wealth.
The report found that LGBTQ+ women earn an average wage that is 25 per cent less than men within the community. The Wellbeing Report also discovered that 60 per cent of LGBTQ+ women earn less than AU$40,000 a year, compared to LGBTQ+ men. For all you newbie currency converters out there, that works out at just shy of £22k.
Ross Miller, General Manager for St.George said that “the report is an important step for us to identify and understand the financial needs of LGBTQI Australians.”
The report found that LGBTQ+ women earn 18 per cent less than LGBTQ+ men but also that heterosexual women earn a whopping 31 per cent less than their male counterparts.
The report suggests LGBTQI 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.
We’re seeing some grave concerns impacting LGBTQI women with 63% surveyed saying they are worried about their ability to financially provide for themselves and their family, and 33% saying money is a source of conflict in their household.