Women’s Financial Marathon to $urvival
In the eS4W: Lifelong Economic Wellbeing for Women in Australia research (2015), it is reported from over 5000 comments received in the study findings, revealed women across all age groups held a strong fear of a growing poverty in later years. Women in the study had little confidence that they would have enough savings and other assets for a liveable income that will afford them a life of respect and dignity as they grow older.
Younger women (under 45 years of age) stated a lack of expectation that there would be any pension available to them at the time of retirement and yet identified that they would not have enough money to cope with their anticipated living expenses. They also held a strong belief that there would be a definite reduction in their living standards when they reached later life.
S4W identified superannuation as a significant issue for women in early 2004. S4W organised a series of activities and consultations to determine what the issues were and how they might be tackled;
- S4W held a Superannuation Roundtable in Melbourne in May 2004
- S4W held a series of fora in QLD, VIC, SA to establish primary issues for women, including their understanding and management of superannuation
- S4W contributed to the development of questions for the ASFA survey of superannuation funds that was reported in Ross Clare’s paper “Why can’t a woman be more like a man – Gender differences in retirement savings”
- S4W presented a paper at the ASFA conference in Adelaide in November 2004
S4W conducted a national survey to seek the views and experiences of Australian women in relation to their knowledge, understanding and management of their own superannuation.
To view the report click here