Tackling Financial Stress: Why Gold Coast Corporate Women Need Workplace Support

By Molly Benjamin

Money is one of the biggest sources of stress for Australians, and women, particularly on the Gold Coast, are disproportionately affected. With 70% of Australian women reporting financial stress, this is more than just a personal challenge—it’s a societal issue that demands immediate attention.

Why Are Women on the Gold Coast More Financially Stressed?

Wage Gap and Income Disparities Despite progress in workplace equality, women in Australia earn, on average, 14.2% less than men. Over a lifetime, this gap amounts to approximately $1 million, making it harder for women to save, invest, and secure financial independence. For women on the Gold Coast, where tourism and hospitality industries dominate, the wage gap is further amplified due to the prevalence of casual and part-time work.

Career Interruptions Gold Coast women are more likely to take career breaks for caregiving responsibilities, whether it’s raising children or supporting elderly family members. These interruptions reduce earning capacity and superannuation balances. On average, women retire with 23.4% less superannuation than men, leaving many financially vulnerable in a region where the cost of living continues to rise.

Lack of Confidence in Financial Decision-Making Nearly 45% of Australian women report feeling unsure about making financial decisions. On the Gold Coast, where investment opportunities in real estate and tourism-related ventures abound, this lack of confidence can lead to missed opportunities for building wealth.

Increased Cost of Living While the Gold Coast is known for its lifestyle perks, rising housing costs, childcare expenses, and seasonal employment challenges disproportionately impact women, particularly single mothers and those in lower-income brackets. With 50% of women wanting to improve their money management skills, there’s a growing demand for accessible financial education.

The Impact of Financial Stress on Gold Coast Women

Financial stress doesn’t just affect finances—it impacts mental and physical health. Women facing financial challenges are more likely to experience anxiety and depression, which can affect their relationships, career performance, and quality of life. On the Gold Coast, homelessness is on the rise, with women being the fastest-growing group affected, emphasizing the urgent need for systemic solutions.

Addressing Financial Stress: What Can Be Done?

Financial Literacy Education Empowering Gold Coast women with tools and knowledge is key. Ladies Finance Club workshops focus on practical skills like budgeting, setting up an OMG fund (emergency savings), and understanding investments.

Encouraging Open Conversations About Money Breaking the taboo around money discussions can reduce isolation. Corporate initiatives on the Gold Coast, such as financial wellbeing workshops, lunch-and-learn sessions, and peer support groups, help create a culture of openness and shared solutions.

Policy Changes and Workplace Support Addressing wage disparities and improving parental leave policies are vital. Forward-thinking Gold Coast employers offering benefits like superannuation top-ups during maternity leave are leading the way in supporting women’s financial futures.

Practical Tools and Resources From budgeting apps like WeMoney to beginner-friendly investment platforms, accessible tools empower Gold Coast women to take control of their finances. Automating savings or accessing financial counseling services can make a significant impact.

Why Financial Wellbeing Workshops Matter

Ladies Finance Club workshops are tailored to Gold Coast women of all financial literacy levels, offering practical solutions to combat financial stress. Our signature Money Makeover workshop equips women to:

• Set realistic financial goals
• Build OMG funds
• Manage money efficiently
• Pay off debt faster
• Save on mortgage interest
• Learn smart saving techniques

In addition to the Money Makeover workshop, we offer a range of other workshops to meet diverse needs, including:

• Budget Like a Boss
• Get Ready for Retirement
  
• Super Savvy 101
• Investing 101
• Property Investing 
• Salary Negotiation
• Buy Your First Property
• Women’s Confidence

These workshops cater to diverse financial literacy levels, ensuring every woman—whether she’s a seasoned investor or just starting out—feels empowered to take control of her financial future. By incorporating financial wellbeing programs into corporate workshops, companies can ensure their employees are equipped to tackle financial stress head-on.

“Thank you, Molly, for delivering an excellent LFC Investing 101 session to launch our IWD celebrations for Women@Google. Feedback praised the clarity of the presentation and the valuable insights shared.” —Google Australia

Why Gold Coast Workplaces Should Invest in Financial Education

When employees feel financially secure, the benefits extend beyond their personal lives. Companies that invest in financial education for their teams often see:

• Improved morale and mental health: Staff feel valued and supported.
• Stronger retention: Financial education fosters loyalty.
• Increased productivity: Reduced stress boosts focus and performance.

Take Action Today

Financial stress is solvable with the right support. By hosting a Ladies Finance Club workshop, Gold Coast workplaces can empower women to build secure financial futures. Whether it's budgeting, investing, or retirement planning, these sessions equip women with the tools to thrive.

Let’s tackle financial stress together. Contact us to book a workshop and empower your team to thrive personally and professionally.