Published: 08 Mar 2023
The typical woman is nearing retirement with almost $50,000 less than men and women at all ages have about a quarter less super than men.
New analysis by Industry Super Australia (ISA) shows the median super balance for a woman in her early 60s is just $159,600, compared to the male median of $210,800 (See table 1).
In all states and territories women’s super-balances lag men.
The gender rift is widest in Western Australia where the typical woman has 34% less super than men. Western Australian women also have the lowest median balance of just $45,500 followed by NSW $45,900 (See table 2). Women in the ACT have a comparatively healthy $72,100 median super balance.
*The above material, whilst correct at the time of publication may include references or statements which are no longer current.