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Women and Retirement – Part 1: Introduction
More than 80% of women in Australia will not have enough saved to fund a ‘comfortable lifestyle’ at retirement. Women on average will retire with $70,000 less than men. Half of all women aged 45 to 59 currently have less than $8,000 in their super funds. The average superannuation payout for women is roughly a third of that for men. $37,000 for women compared to $110,000 for men. (Sources: https://humanrights.gov.au/our-work/gender-gap-retirement-savings & https://www.superguru.com.au/about-super/women-and-super) For most women, Read more…