When it comes to money, equal opportunity requires unequal treatment. And gender-based teaching.
We used to raise children differently. To a son who had hurt himself: “C’mon, toughen up.” A daughter would get scooped up and comforted.
Because paid parental leave, remember, is only at the national minimum wage and only for 20 weeks between a couple. The payment will be about $105 a week and total $2500. But that difference is literally compounded over a lifetime by superannuation, as an earnings-based, in-the-background, retirement savings scheme. The average woman still typically retires with a quarter less super than her male counterpart.Repeated Household, Income and Labour Dynamics in Australia surveys show that single, retired women have the highest poverty rate in the country. The ‘longevity penalty’ is alive and well.
I would hope that he steps up as an equal carer of any kids he may have, by the time they are born so that he fairly shares both that experience and any pay and super break with his partner.
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