Skip to Main Content
anna demianenko 12400 unsplash
Media Releases

Gender savings gap to span decades

  Published: 31 Aug 2021

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.

*The above material, whilst correct at the time of publication may include references or statements which are no longer current.

Got a topic you'd like to read about?

Thank you for your topic suggestion.

The message has been sent succesfully, check back soon to find if we wrote about the topic you suggested.

An error has occurred

Due to a technical fault we are unable to to submit your form at the moment. Please try again later.

Additional details:

To learn more about one of the Industry SuperFunds below click on their logo.