Let’s talk about women and this Budget. We know that women have been disproportionately affected by the recession. You’d imagine the Gov would be concerned about this and looking to pour big money into helping women. But here’s what they’ve delivered instead. #crediblewomen (1/7)
There’s $240 million set aside to be spent on women’s economic security.
Sounds big.
But that’s half as much as is being spent on a new computer system for Services Australia. (2/7)
Just 0.038% of this big spending Budget is being spent on women.
It amounts to $40 per woman worker, or $8 a year, until 2025. (By the way $61.4 million is being spent on school chaplains.) (3/7) womensagenda.com.au/latest/that-wo…
As part of this there’s money to expand a mentoring and start-ups program.
Great.
It will support less than 300 new female-led businesses. (4/7)
There’s funding for 500 women to undertake cadetships or advanced apprenticeships in STEM fields.
That’s a laughable drop in the ocean when, according to the Government’s own data, only 17% of the STEM workforce are women. (5/7)
Ok, that’s it. I’ve had enough of the Government spreading misinformation about super to further their ideological attacks on your retirement savings. Here are some of the most common false arguments I've seen, and the truths that you deserve to know:
1.“Young people should be able to use super to buy a home.”
Nonsensical. This would just push up the price of housing & leave young people worse off in retirement. Convenient that most politicians won’t be around by then to be held responsible for such dangerous policymaking.
2. "The early withdrawal scheme is harmless + necessary."
Absolutely not. The Gov wanted to cut corners on JobKeeper and JobSeeker by making people (mostly young!) fund their own crisis response. A 25yo who withdraws $20k now could be up to $95k worse off by retirement.
I want to talk about the fact that this Government is using the cover of coronavirus to attack your super.
Although they’re saying this attack is a response to the recession, the truth is they have had this planned for a very long time: smh.com.au/politics/feder…
They’ve forced workers - overwhelmingly young people, women, and those in insecure work - to fund their own crisis response and drain their superannuation. Over 600,000 people now have empty super accounts.