Outdated Law Costs Women $2,500 in Retirement Savings
Update: 2025-12-10
Description
An outdated law is causing a significant gender superannuation gap, with young women, particularly teenage girls, missing out on crucial early contributions to their retirement funds. This issue arises from a rule that only guarantees superannuation for under-eighteen workers logging more than thirty hours a week with a single employer. This disparity is exacerbated by the fact that girls are more likely to work in retail or community service jobs, which typically involve fewer hours. By the time they turn eighteen, a typical teenage girl could have nearly two thousand five hundred dollars less in her super, which could grow to eleven thousand dollars less by retirement. Scrapping this rule could mean half a million more young Australian workers would start their working lives with superannuation from day one, ensuring fairness for all young workers.
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