The typical woman is retiring with a quarter less super than the typical man and with Australia's gender pay gap growing in the last six months the savings gap could also widen.
The median super balance for a woman in her early 60s is just $131,352 lagging the male median of $177,882 (See table 1).
Nationally women trail men at all ages, but the gap widens dramatically when women are in their 30s and 40s - at an age when many women take time out of the paid workforce to care for children.
Yet the government still refuses to pay super on the Commonwealth parental leave scheme, costing a mother of two more than $14,000 at retirement.
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.
