ASICs 2014-2017 Financial Literacy Strategy document makes it clear why financial literacy is so important for women.
"Women’s lower retirement savings, longer life expectancies and the societal barriers they face1 make them particularly vulnerable to the negative outcomes of any poor financial decisions.2 Research shows that Australian women typically have lower numeracy levels, find dealing with money stressful or overwhelming and have more difficulty with retirement-related investment decisions than men3."
These facts offer us a poignant reminder about the sub-optimal financial reality that many Australian women face, particularly in retirement.