Finance

KiwiSaver inequity leaves women $318,000 worse off

Frances Cook
Wed, 22 Jun 2022

KiwiSaver inequity leaves women $318,000 worse off
Women end up with a lot less in their KiwiSaver accounts than men. (Image: DepositPhotos)
Frances Cook
Wed, 22 Jun 2022
Women are missing out on up to $318,000 in their KiwiSaver, thanks to pay gap impacts. The research, commissioned by Kiwi Wealth and independently carried out by the New Zealand Institute of Economic Research (NZIER), found that the average woman has a balance that’s 20% lower than the average man’s balance, across all age groups. Four main factors were behind it, with the report citing the labour force participation gap, the pay equity gap, career gaps and changes due to motherhood, and women's self-reported low confi...

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