Original article by Roy Morgan Research
Market Research Update – Page: Online : 13-Sep-16

Roy Morgan Research’s "State of the Nation – Spotlight on Finance Risk" report shows that women account for 1.4 million of the 2.9 million Australians in the pre-retiree group (aged 50 to 64 and working). The average retirement savings among these women have been well behind that of their male counterparts, but they are gradually closing the gap from being 57.7 per cent of the male average in 2008 to 63 per cent in 2016. Since 2008, the average net wealth of pre-retired women has gone from $A183,000 to $A232,000, an increase of 26.8 per cent. For men in the pre-retired group, the growth in average net wealth went from $A317,000 to $A368,000, an increase of 16.1 per cent. However, the average retirement fund balance of women is still less than two thirds (63 per cent) that of their male counterparts.

CORPORATES
ROY MORGAN RESEARCH LIMITED