Addressing the Superannuation Gender Gap
Advocates argue that more action is necessary, as minor adjustments to superannuation tax offsets for low-income earners will have a negligible impact on the quarter of women who retire in poverty.
Rosemary, a 60-year-old mid-level manager at an aged-care home in Victoria, is concerned about her own financial future. She states,
"I'll have to work for as long as I can, however long an employer will keep me."
Rosemary's situation is typical of many Australian women approaching retirement age, having taken a 10-year break from work to raise her children, and then facing financial uncertainty after her partner left.
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Author's summary: Women face financial uncertainty in retirement due to the superannuation gender gap.