18/04/2023
It’s depressing to see that the high cost of early childhood education and care is still raising the question of whether it’s worth women going back to work if earning $80,000 or less. This is the dilemma that so many women have faced. Because it still tends to be the woman who is earning less. As a result, it’s women who often end up quitting paid work when her salary is entirely swallowed up by child care costs. But of course it’s a much more complex equation than income vs expenditure in this case. When a woman steps out of the workplace, she looses her place on the career ladder, the compound benefits on pension contributions, opportunities and confidence, to name just a few.
And if the relationship ends 10, 15 or 20 years later, it can be punishingly difficult to re-establish a career. For women in this situation, it can feel like an uphill battle. Panning for Gold was created to address this. It is designed to help women who have taken extended breaks to reframe the narrative; to help women to step into their new lives with a stronger sense of their value - to pan for all the tiny pieces of gold in their lives and fulfill their potential.
One of Australia's top money experts claims it isn't worth it for most mums to go back to work due to the cost of childcare.