Years of bringing up kids and looking after ageing parents and part-time work in lowly paid jobs create a toxic recipe for poverty among older women.
Years of bringing up kids and looking after ageing parents, part-time work in lowly paid, feminised jobs, the gender pay gap and broken marriages create a toxic recipe for poverty among older women.
“If you’re over 55 it’s harder to find a job even when unemployment nationally is at 3.5 per cent,” he said.University of Melbourne professor Guyonne Kalb is a labour markets expert who has studied the effects of relationship breakdowns on household finances. Kalb found that in the first year following a break-up, the risk of poverty more than doubled for women. The incomes of women fall by an average of 30 per cent following a break-up.
Jane Tenney, 62, has spend two decades eking out a life for herself and her son, and says retirement is something she can’t afford to contemplate.Having left Sydney for the Central Coast to settle down for a family, her relationship ended when Tom was 11 months old. Over the years, she has only spasmodically received small amounts of child support from her ex-partner.
Women in Super, a policy advocacy group, argues that the top 10 per cent of earners receive 30 per cent of superannuation tax concessions, while households in the bottom 30 per cent of incomes receive just 4 per cent.
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