Interesting insights from the latest 2011 CommonWealth Bank Viewpoint Economic Vitality Report:
- A direct correlation between the downward trend in retail spending and a gender gap between economic confidence.
- The report found that only 21% of women perceived the economy as “strong”, compared with 38% of men.
- In turn, women account for a greater proportion of retail spending and men for a greater proportion of non-retail spending.
- According to the report, retail spending remains below trend while non-retail spending is on par with trend.
- Men enjoy 40 years of peak income between ages of 25-65 while women enjoy just 20 years of peak income between ages of 35-54.
- Among people with a partner, 75% of women rely on their partner at least partially for financial support, compared with 43% of men.
- One in four Australian families with paid childcare work for no net financial gain.
- Australian women bear most of the responsibility for household money management.
- Greatest fears: the report show great differences between what women are concern and what men are concern about. Females are mainly concern on job loss, meeting mortgage/rent payments, giving up luxuries while men are more concern with not being able to save for retirement and investment losses.
- GFC has impacted upon men and women differently. GFC made women be more careful with expending habits while men found it an opportunity to find bargains.
- High wages geo-areas spotted by the report:
For women: Canberra, Northern Sydney.
For men: Fortescue, Lyell (mining areas).
- Labor force under-utilization (un-employment plus under employment) is significantly higher for women than men.
About the report: Research data based on surveys of 2000 australians.The research was overlad with electronic income and expenditure data as Common Wealth Bank processes almost 45% of Australian electronic transactions.
- CALL US ON +61431324899
- Check Mauricio Escobar (eDigital Director) experience and recommendations on his LinkedIn profile.
- Connect with eDigital on Facebook
- Find out eDigital Sydney SEO services from Sydney SEO consultants and Sydney SEO experts. We offer SEO audits and content optimisation advice.
- Check out eDigital Social Media Strategy and Social Media Management services.