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The Guardian - AU
The Guardian - AU
National
Stephanie Wood

‘I don’t mind camping, but I won’t sleep in the car’: what happens when superannuation keeps failing women

Illustration of women looking at a nest egg
Women aged 60 to 64 have about a quarter less in their superannuation than men of the same age, and a large number of women – especially older women – say they have no super. Illustration: Victoria Hart/Guardian Design

Sandra is 76, doesn’t own a property, is a transient house-sitter, has a couple of hundred thousand dollars in a fixed-term deposit and nothing in superannuation. Sarah* is in her mid-forties, rents the house she lives in with her three daughters and has $40,000 in superannuation. Liz is 54, owns her own free-standing three-bedroom home in Canberra, and her super balance is close to $1.7m.

Ages, accommodation and dollar figures – basic information, you might think, revealing little about these women. But show me a woman’s superannuation and I’ll tell you about her life. Women’s super numbers tell stories: about the curveballs, the challenges and the catastrophes; about lives spent caring for children, or elderly or disabled family members, or lives upended by abusive relationships and coercive control; about creative, transient lives or lives in which work has been constant and well-paid but, sometimes lamentably, children have not been a feature.

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