Women Outlive Men Into Retirement, With Less Money

New Zealand women's problem: Less money, longer lives

If you’re a woman planning for retirement, good news. You’re probably going to have a longer post-work life than the men around you, because women outlive men.

Wrightson said one of the most effective things that a young woman starting out in the workforce could do was to get her KiwiSaver sorted.

“I clench teeth when people say it should be taught in schools – do teachers have to do everything?”

“It’s the first and the easiest thing to do… something that gets you saving a bit of money every pay day is a good thing …”

“Women outlive men so it’s even more important to arrive at retirement with funds but there’s an issue of how every individual has a sense of their financial future. It’s not selfish… it’s still a subject that doesn’t get talked about.”

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“Managing money, being responsible with money, that’s something every child should start to pick up at home, not just from school.”

That “leaning in” to money management also set a good example for children. “I clench teeth when people say it should be taught in schools – do teachers have to do everything? Managing money, being responsible with money, that’s something they should start to pick up at home.”

Women are still most likely to stop work to look after a child, and when they come back to work they earn less – sometimes valuing flexibility over career moves or greater pay.

Click here to view the full original write up at www.stuff.co.nz

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