As our population ages, more and more women who are currently working will wish to retire. But while many of them will be ready to leave the workplace, many simply won’t be able to afford it.
Figures show women in New Zealand earn $20,000 a year less than men, on average. What this means is that women have less opportunity to save money for their retirement compared to men.
This can be daunting, to say the least, for many women. That's why Visa has developed resources such as this website. Using tools like this site that are filled with topics about increasing saving, reducing spending and containing debt can help women save more for their retirement.
Check out the Centre for Financial Literacy and Retirement Income’s website, as well as the Money Week website, for more information about how you can increase your retirement savings.