A new report, Women's Experiences of Paid Work and Planning for Retirement, was released by the former Minister for the Status of Women, Tanya Plibersek. It reveals many mature Australian women were uncertain about their retirement due to a lack of confidence in their financial future.
The research which was commissioned by the Office for Women examines the potential issues affecting women's decisions to retire and their experiences in retirement. The research draws on the findings from the Australian Longitudinal Study on Women's Health which surveys 40,000 women in three age groups, and focuses on data from women aged 53‑58.
The report findings suggest present generations of younger women need evidence-based information and advice about financial planning.