Confronting the Superannuation Gender Gap
Advocates say more needs to be done to address the issue, as tweaks made to superannuation tax offsets for low-income earners will barely help the quarter of women who retire in poverty.
As a mid-level manager at an aged-care home in Victoria, 60-year-old Rosemary helps her community spend their final years in comfort and safety, but she worries about her own old age.
"I'll have to work for as long as I can," she says. "However long an employer will keep me."
Rosemary's situation is not unique, with minimal superannuation saved and facing financial uncertainty, her life path resembles those of many Australian women approaching retirement age.
- Took 10 years out of the workforce to raise her children
- Faced additional challenges after her children's father left
Rosemary's story highlights the need for further action to address the superannuation gender gap.
Author's summary: Women face financial uncertainty in retirement due to the superannuation gap.
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