New research to be released this week analyses two decades of Household, Income and Labour Dynamics in Australia (HILDA) Survey to estimate the actual labour force experience of women over their life and accounts for working when super is not paid.
The research reveals three-quarters of women are unlikely to retire having received a full 40 years of super contributions, and yet key government modelling assumes everyone retires with four decades of super.
Twenty per cent of women won’t receive 40 years of super
For the bottom fifth of female wage earners there is less than a 5% chance they will receive super for 40 years. Across all income percentiles women average just 30.1 years of contributions, the male average is 36.2 years.