Statistically, Australian women earn an average of 18%1 less than men in full-time employment. This pay gap means many women cannot accumulate as much wealth over time.
Many Australian women have had a career break at some stage, to care for children or to care for elderly parents, for example. So many women have not been in the workforce long enough to accumulate a sizeable superannuation balance.
The gender wage gap widens to 36% for female part-time workers.
We’ve submitted a proposal to the Australian government containing two radical changes that it can undertake within the superannuation system.Read More
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