Survey on Equal Pay Day: One in Four Women Feels Financially Dependent

For Equal Pay Day on November 2, a new survey commissioned by Mastercard highlights the ongoing impact of gender income disparities in Austria. According to the survey, almost one in four women (24 percent) feels financially dependent – and more than one in four (27 percent) sees the wage gap as a restriction on their financial autonomy.

Gender Pay Gap Remains Noticeable

This year, Equal Pay Day marks the day from which women statistically work "for free" – because men have already reached the average annual income at the beginning of November, for which women still have to work until the end of the year. According to current calculations, the gender pay gap is 16.3 percent – which corresponds to 60 additional working days for women.

Lack of Equality in the Workplace

According to the Mastercard survey, only 26 percent of the women surveyed believe that their workplace offers fair pay and good pension arrangements – a figure slightly below the European average of 28 percent. Particularly concerning: Among the group of women who classify themselves as financially dependent, 26 percent stated that they do not believe they will ever achieve financial independence.

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