Consulting, Counselling, Education
  • Home
  • About Us
  • Money and Behaviour - Financial Wellness
    • Coaching and Counselling to improve Financial Wellness
    • Disordered money behaviours
  • Skills Building
    • Parenting Skills for Foster Parents
    • Parenting Skills
    • Child, Adolescent & Youth Social Skills Building | Interpersonal Behaviour Development
    • Social Skills & Self-esteem Circle
    • Interpersonal Behaviour Circle for Adolescents
  • Counselling and Psychotherapy - All Ages
    • Grief & Loss
    • Interpersonal Behaviour
    • Stress, Anxiety & Depression
    • Spiritual Wellness
    • Carers
    • Emotion Freedom Technique
    • Child, Adolescent & Youth Counselling & Psychotherapy >
      • Social Anxiety - Children and Young People
      • Giftedness - Child, Adolescent & Youth
      • ADHD
      • Autism
      • Children & Young People - Stress, Anxiety and Depression
  • Organisational Performance
    • Change Management
    • Mental Health Consulting
    • People Skills at Work
    • Mentoring in the Workplace
    • Workplace Learning and Development
    • Executive Coaching
    • Workplace Counselling
    • What is Workplace Bullying
  • Workshops & Presentations
  • Skype Services
  • Self-help Resources
  • Blog
  • Fees & Payment
  • Contact

November 28th, 2020

28/11/2020

0 Comments

 

Superannuation & The Gender Gap

There has been considerable debate about the gender gap with superannuation where females are lagging behind males.   This means that females will retire with considerably less superannuation than males.  However factors such as financial literacy, values, age can influence why the gap occurs (De Zwaan, Brimble, & Stewart, 2015).  Therefore, working with these factors may help mitigate the gender gap in superannuation.  

For example, older individuals and those with a self managed super fund (SMSF) are more engaged in superannuation (De Zwaan et al., 2015).  Financial literacy also plays a role as it will encourage the user to explore choices rather then the default option or their current one to receive a higher rate of return.   It is also important to explore how well your fund has performed to compare options.  The study conducted by De Zwaan, Brimble and Stewart (2015) found that females were less likely to understand the relationship between performance of the superannuation fund and risk and return.  

It is also argued that women tend to spend less time in paid employment as they are usually the ones to stay at home while raising their children, earn less than men (also due to part-time work while raising children) and may have less financial literacy than their male partners or men in general as they may rely on them to manage the finances.  The problem is exacerbated when separation occurs as even though superannuation may be split 50/50 there is the gap in financial literacy, getting back into the workforce after working as the stay at home mum which can result in lower income from starting at the bottom.

It is important to seek advice about superannuation, explore your options and think about your retirement early to ensure that you have sufficient funds to retire on.   I also encourage a family discussion so each member in the family as well as teenagers can learn the importance of retirement planning and become more money wise. 

De Zwaan, L., Brimble, M., & Stewart, J. (2015). ENGAGEMENT WITH SUPERANNUATION: Is there really a gender gap? JASSA, (4), 12–18. Retrieved from http://search.proquest.com/docview/1786577943/
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Josephine will update you with the latest and relevant research and discussions about  mental health for adults, children and young people as well as money & behaviour, parenting strategies and learning​

    RSS Feed

    Archives

    November 2020
    October 2020
    August 2020
    August 2018
    May 2018
    December 2017
    November 2017
    September 2017
    August 2017
    July 2017
    May 2017
    April 2017
    March 2017
    February 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    February 2016
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    January 2015
    December 2014
    October 2014
    July 2014
    June 2014
    April 2014
    March 2014
    February 2014
    December 2013
    September 2013
    June 2013
    October 2012
    September 2012
    March 2011
    July 2010
    June 2010
    August 2009

    RSS Feed

Consulting Rooms in:
80 Keilor Road, Essendon 
​Or at your workplace

Contact Details:
Mobile: 0410 534 489
jbconsultandpsych@gmail.com

Visit this Page to Subscribe to our Mailing List
Photos used under Creative Commons from symphony of love, HALDANE MARTIN, symphony of love, Maria C Dawson|Stupefied, h.koppdelaney, forum.linvoyage.com, BLMOregon, quinn.anya, 1000heads, e3Learning, symphony of love, marklordphotography, Maria C Dawson|Stupefied, Maria C Dawson|Stupefied
  • Home
  • About Us
  • Money and Behaviour - Financial Wellness
    • Coaching and Counselling to improve Financial Wellness
    • Disordered money behaviours
  • Skills Building
    • Parenting Skills for Foster Parents
    • Parenting Skills
    • Child, Adolescent & Youth Social Skills Building | Interpersonal Behaviour Development
    • Social Skills & Self-esteem Circle
    • Interpersonal Behaviour Circle for Adolescents
  • Counselling and Psychotherapy - All Ages
    • Grief & Loss
    • Interpersonal Behaviour
    • Stress, Anxiety & Depression
    • Spiritual Wellness
    • Carers
    • Emotion Freedom Technique
    • Child, Adolescent & Youth Counselling & Psychotherapy >
      • Social Anxiety - Children and Young People
      • Giftedness - Child, Adolescent & Youth
      • ADHD
      • Autism
      • Children & Young People - Stress, Anxiety and Depression
  • Organisational Performance
    • Change Management
    • Mental Health Consulting
    • People Skills at Work
    • Mentoring in the Workplace
    • Workplace Learning and Development
    • Executive Coaching
    • Workplace Counselling
    • What is Workplace Bullying
  • Workshops & Presentations
  • Skype Services
  • Self-help Resources
  • Blog
  • Fees & Payment
  • Contact