11 Jul 2023

KiwiSaver gender gap grows to 25%

From Nine To Noon, 9:30 am on 11 July 2023
The couple, who have permanent name repression, have spent their life's savings to quash the husband's convictions.

Photo: NZ Herald/Mike Scott

KiwiSaver balances are, not surprisingly, in retreat, as the recession bites. But research just released by the Retirement Commission shows the gender gap when it comes to KiwiSaver balances has grown larger, quicker. On average, men had a 25 percent greater KiwiSaver balance than women -- with the gap increasing five percent in just the last year. The widest gap is for women in their 40s and 50s - when the average difference reaches $14,500. Kathryn speaks to Dr Suzy Morrissey, the director of policy and research at the Retirement Commission.