|
Many reports have found that women are often significantly disadvantaged when it comes to super and that they retire with approximately half the super balance of men. The Association of Superannuation Funds of Australia (ASFA) reported that average retirement payouts in 2009 were $155,000 for men and $73,000 for women.
Contributing to super inequality are the broken work patterns of many women, perhaps as a result of meeting caring responsibilities or study. This affects their income levels and career options, which are directly linked to the amount of super they accumulate over their life. Women account for the majority of casual and part-time workers - many of whom don't qualify for employer-contributed super in the private sector.
|
