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ECONOMIC SECURITY The Economic Security section contains the following sub-topics:
HIGHLIGHTS Working population Labour force participation
Between 2001-02 and 2014-15, the participation rate for women aged 55-64 increased from 38.3% to 56.5%, an increase of 18.2%: the highest increase in all age groups for both men and women over this time (see Figure 1 below, and Table 1.1 via the Downloads tab for more detail). Footnote(s): (a) Data averaged using 12 months in the financial year. (b) See Table 1.1 for explanatory notes regarding revision of benchmarks for labour force data. Source(s): ABS Labour Force Survey, Australia (cat. no. 6202.0)
In November 2014, over one in ten employed men and one in five employed women with dependent children did not have paid leave entitlements: 11.2% of partnered men and 11.3% who were lone parents, compared with 22.5% of partnered women, and 26.4% of women who were lone parents (see Table 1.11).
In 2013-14, 5.8% of women aged 20-74 who were born overseas were unemployed, compared with 4.8% of women born in Australia, 5.3% of men born overseas and 5% of men born in Australia. In 2012-13, unemployment rates for Aboriginal and Torres Strait Islander men and women were 14.4% and 14.5% respectively (see Table 7.14).
Footnote(s): (a) Data averaged using 12 months in the financial year. Source(s): ABS Labour Force Survey, Australia (cat. no. 6202.0) Earnings
Men aged 55-64 in 2013-14 had a much higher average superannuation balance than women the same age: $321,993 compared with $180,013. There was less discrepancy between men and women aged 44 years and younger but male superannuation balances were still higher in every age group (see Table 1.25). Just under a quarter (24.6%) of women aged 15-54 years had no superannuation, compared with 20.5% of men this age (see Table 1.26). People with a disability were more likely to have no superannuation coverage (30%) than those with no disability (22.5%). Around 32% of women born overseas had no superannuation coverage (see Table 7.26).
Footnote(s): (a) Income estimates from 2009–10, 2011–12 and 2013-14 are not directly comparable with estimates for 2003–04 and 2005–06 due to improvements made to measuring income. Source(s): ABS Survey of Income and Housing (cat. no. 6523.0) Housing
Footnote(s): (a) Excludes dependent students aged 15-24 years Source(s): ABS Survey of Income and Housing (cat. no. 6523.0) Document Selection These documents will be presented in a new window.
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