FINANCIAL EXPERT PHILIPPA HUNT, URGES WOMEN TO QUESTION THE STATUS QUO

This advice comes in light of statistics released this year by the Australian Bureau revealing once again that women have a much lower superannuation balance than men of the same age. The survey also showed that in 2014-15, the labour force participation rate of people aged 20-74 years was 65.1% for women and 78.3% for men. In addition, the bureau’s last gender release study showed that 44 percent of employed women worked part time in 2015-16, compared with 15 percent of men. These relatively high rates of women working part time have remained much the same over the last decade.

What does this mean for women? Fewer hours worked equals less superannuation. There are many solutions to closing the gender gap in finances however ultimately while the imbalance still exists, women need access to practical tools to secure their own financial freedom.

Women are living longer ultimately meaning they require more money to live, and while gender disparity continues to exist for a variety of complex reasons, according to Ms.Hunt, women can take charge. "Women from of all walks of life can use transformative strategies to regain control," says Philippa.

“We are currently remediating and improving programs,  creating systems that have evolved over the last 10 years, giving women the tools to benefit their lives financially. It is an exciting time in our area of expertise,” says the passionate advocate.

Philippa is a renowned money mentor who says that many women are looking at retirement with a question mark, or find themselves pondering a new direction in business, employment or even saving for their child’s education. Or perhaps the goal posts in life have changed, and they want to invest in a goal. The freedom that being in control of money brings with it the socio-economic benefits, self-esteem and a joyful life that can be relieved from money stress."

Many years of Philippa’s  life has been spent working on women’s issues and groups serving as a past member of the Women In Finance Committee. It is through this advocacy that she gravitated to helping women establish new patterns that could transform mindsets and actuate positive outcomes.

For more information about Philippa and Wise Girl's Money Academy go to: http://philippahunt.com.au

Philippa Hunt is Australia’s answer to Financial Mentoring and capability. She is an expert in Business, Finance, Psychology and has a passion for working on women’s issues and with groups. It is through this advocacy that she gravitated to helping women establish new patterns that could transform their mindsets and (actuate) create positive outcomes for them.

The Wisegirls Money Academy education program recently launched is designed to bridge the gap between women and to develop their financial capability and integrity.