Your investment update - May 2024
In our latest Investment Update, we give you a quarterly performance recap, an update on market news and volatility, and showcase one approach we’ve taken towards investing in AI.
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Statistics show high pay discrepancy between genders in healthcare.
A report by the Australian Bureau of Statistics on gender difference released in January 2019 listed the healthcare industry as having the highest pay discrepancy between genders.
Despite representing 79 per cent of the health workforce, women are paid 25 per cent less per hour than men.
According to the data, the gender gap has not moved over the last 10 years, with women earning 11 per cent less than men.
Clearly, something has to change.
At HESTA, 80 per cent of our members are women and many work in healthcare and community services. That’s why we’re taking proactive steps to help advance our members’ economic outcomes.
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Federal Budget 2024-25
With inflation and currently high interest rates continuing to hit household budgets, this year’s Federal Budget contained some important changes for super.
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Need some advice about your super, insurance, or investments? Make an appointment to speak to a HESTA adviser and someone from the team will get in touch with you.