Steps women can take to improve their retirement readiness
Courtesy of Christine Benz at Morningstar Australia (5th March 2020):
“Women’s superannuation is not so super. At retirement, Australian
women on average have $157,050 whereas men have $270,710 – a gap of
$113,660, according to data released by the Association of Superannuation
Funds of Australia in 2018.
The gap between women and men extends to younger cohorts too.
Women aged 30-34 have balances of $33,750, whereas men have $43,580.
The gap is closing, albeit slowly….”
The full report is available through our client portal. Please contact us for login access.