According to the Association of Superannuation Funds of Australia (ASFA), the average superannuation balance for women last year was $68,000 and for men, $112,000, although women are slowing closing the gap.
Super balances for women increased 53% in the last two years and 35% for men.
Women who retired in 2016 had an average super balance of $157,000 while men had $271,000 – an average $120,000 less in their super than men.
The ASFA has made some recommendations to address this issue.
Download the full report here.
