Close the gender gap

For too long, women have been the wallflowers at the superannuation party. Women, on average, retire with around 40% less super than men despite the fact that we live longer and need more. According to Women in Super, 40% of older single retired women live in poverty and experience economic insecurity and 44% of women rely on their partner’s income as the main way to fund their retirement.

Anyone else thinking of Cinderella here?

The reasons for the gender gap have been well documented. In a nutshell, women still generally earn less than men, we’re more likely to work part time or take time out of the workforce to take care of family, and more women than men don’t receive super at all.

The super system rewards a traditional working life where you work full time continuously and your salary grows over a period of about 40 years. Not