SA women retire with 21% less than men

Pay and pension gaps leave women financially vulnerable in retirement – Moonstone Information Refinery

Less than 10% of South Africans retire with enough money to enjoy a comfortable standard of living, but women are worse off than men, retiring with 21% less in retirement assets. This is according to an analysis – conducted last month – of contribution behaviour, earning patterns, fund choices, and family dynamics across Discovery Corporate and Employee Benefits’ umbrella funds. “Our analysis shows that women are definitely saving and actively c…

SA women retire with 21% less than men

Beyond the pay gap, systemic bias, financial pressures and family caregiving commitments compound to create a deeper retirement crisis for women. It’s been long recognised that fewer than10% of South Africans retire with enough money to enjoy a comfortable standard of living. And now, new data from Discovery Corporate and Employee Benefits reveals that South African women are worse off than men, retiring with 21% less in retirement assets. This …