Advocates say more needs to be done as the tweaks made to superannuation tax offsets for low-income earners will barely help the quarter of women who retire in poverty.
Meet Rosemary, a 60-year-old mid-level manager at an aged-care home in Victoria, who helps members of her community spend their final years in comfort and safety. Despite her dedication, she worries about her own old age.
"I'll have to work for as long as I can," she says. "However long an employer will keep me."
Rosemary's life path resembles those of many Australian women approaching retirement age. She took 10 years out of the workforce to raise her children, and after their father left, her financial situation became uncertain.
Author's summary: Australian women face a significant superannuation gender gap.