Written by Stephanie Retchless - The Finance Fairy

Women, Debt & Superannuation – don’t be part of the ‘superannuation-less’ female population going into 2008
I was interviewed the other day by a financial journalist (from the Courier Mail in Brisbane) who wanted some insight into what women in their thirties and forties are doing about superannuation. I believe she was quite taken aback by my answer.

I told her that in my experience women in those age groups are primarily concerned with debt - not savings, not their future - anything but really.

After four decades in the finance industry my experience shows me that women in their 30s & 40s are preoccupied with children, work, family (their own and their partner – and keeping them away from each other), debt, home – read, housekeeping and keeping their partner onside whilst all that is going on.

It would be my opinion that three out of every ten women would be consciously working towards a financially secure future with superannuation being part of that process. The other seven, well they rely on providence, luck or inheritance and maybe a combination of all three (the big three I call them!).

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