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ADVERTISEMENT Financial literacy is crucial for women for several reasons. Speaking to Mamamia, Kate Crous, Executive General Manager Everyday Banking at the Commonwealth Bank says, women have unique challenges that differ from men, which can put pressure on our financial wellbeing. For instance, we often take more time out of work to have children, which can impact on our career progression and earning capacity. We’re fortunate to enjoy a good retirement savings system in Australia. However, because women tend to take out more time from the work force to care for families as well as being paid less on average than men, women often fall short in retirement savings. All of this can put a strain on our financial wellbeing. ....