When it comes to money, there are still glaring gaps between men and women.
There's the gender pay gap: as of this year, Australian women continue to earn 87 cents for every dollar earned by their male counterparts.
And there's the disturbing gap in superannuation: on average, Australian women currently retire with $67,000 less than men.
But there's also another gap that tends to go largely ignored, which can impact women's financial freedom in the long term – and that's the gender gap in financial literacy.
Research consistently shows that women do not have the same knowledge and awareness as men about finance and men are better able to make significant financial decisions using that knowledge.
Christina Hobbs previously worked as a financial inclusion expert for the UN and is now the CEO and co-founder of Verve Super. She believes that the financial literacy gap between men and women is reinforced by a lot of women's unwillingness to broach the topic of money with friends.
"Money has been traditionally, and still is, a taboo amongst women – particularly conversations about wealth-building," Hobbs tells Mamamia.
"Those conversations are just things that women naturally don't have and you can look at the research – women are actually more comfortable speaking about sex than they are about money. It's the ultimate taboo topic."
Hobbs says that women's apprehension to talk and learn about money is a product of entrenched historical norms, as well as continuing sexist attitudes within families. For example, research shows that boys are paid more pocket money than girls and parents tend to talk to boys more about finance and educate them about wealth-building more than girls.
These differences can then carry over into adulthood where women hold a continued belief that finance 'just isn't for them'. Hobbs said that this lack of financial literacy can become particularly problematic during periods of acute stress, including during a cost-of-living crisis.