Advocates say more needs to be done to address the issue, as recent tweaks to superannuation tax offsets for low-income earners will barely help the quarter of women who retire in poverty.
For example, Rosemary, a 60-year-old mid-level manager at an aged-care home in Victoria, worries about affording her own old age. She has minimal superannuation saved due to taking 10 years out of the workforce to raise her children.
"I'll have to work for as long as I can," she says. "However long an employer will keep me."
Rosemary's situation resembles those of many Australian women approaching retirement age, highlighting the need for further action to address the superannuation gender gap.
Author's summary: Women face financial uncertainty in retirement due to the superannuation gap.