Women's economic security in retirement

Women face greater risk of economic insecurity in retirement than men. To be economically secure in retirement means to be financially secure through a steady income and/or other resources to support a decent standard of living in the foreseeable future. Currently, women retire with on average half the superannuation of men. A consequence of this is that women in retirement are more likely to live in poverty than men.


    Image depicts women's economic security in retirement paper

    Key findings

    • The experiences of women and men in paid and unpaid work impact on their economic security in retirement.
    • Working lives of women are often different to working lives of men. Women are more likely to take primary responsibility for unpaid care work, are more likely to work part-time and in lower paid roles.
    • Fragmented work histories and lower paid work mean women are likely to accumulate significantly less in superannuation savings than men.
    • The keys to closing the superannuation gap are: financial literacy, addressing imbalances in unpaid care work and in paid work.