MILLIONS of working women in Britain face financial insecurity with a third earning less than the living wage and no savings, new research out today reveals.
Nearly half of women have under £100 saved and over 30 per cent of the women surveyed have more than £1,000 of debt, the poll found.
Living Wage Foundation director Tess Lanning said: "The precariousness of life for women earning little more than the government minimum shows the need for more employers to take a stand by paying the real Living Wage based on what people need to make ends meet."
Research shows that 3.4 million women in work (26 per cent) earn less than the real living wage compared to 16 per cent of all men
The Fawcett Society's Jemima Olchawski said the reason women were more likely to be in low-paid work was partly due to the need for flexible or part-time work.
She said: "It’s also because society undervalues women and the work they do. Jobs dominated by women such as caring roles are consistently amongst the lowest paid.
"To maximise the talent available to them recruiters should make all jobs flexible by default, so a wider range of people can progress at work.
"We’d urge larger employers to look closely at the nature and causes of the pay gap in their organisation and make an action plan to close it.”
Nearly all of the women said they worry about their financial situation and 66 per cent did not foresee an improvement soon.
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by joining the 501 club.
Just £5 a month gives you the opportunity to win one of 17 prizes, from £25 to the £501 jackpot.
By becoming a 501 Club member you are helping the Morning Star cover its printing, distribution and staff costs — help keep our paper thriving by joining!
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by become a member of the People’s Printing Press Society.
The Morning Star is a readers’ co-operative, which means you can become an owner of the paper too by buying shares in the society.
Shares are £1 each — though unlike capitalist firms, each shareholder has an equal say. Money from shares contributes directly to keep our paper thriving.
Some union branches have taken out shares of over £500 and individuals over £100.
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by donating to the Fighting Fund.
The Morning Star is unique, as a lone socialist voice in a sea of corporate media. We offer a platform for those who would otherwise never be listened to, coverage of stories that would otherwise be buried.
The rich don’t like us, and they don’t advertise with us, so we rely on you, our readers and friends. With a regular donation to our monthly Fighting Fund, we can continue to thumb our noses at the fat cats and tell truth to power.
Donate today and make a regular contribution.