By Zoe Zaczek For Daily Mail Australia
Published: 02:39 BST, 14 June 2019 | Updated: 07:20 BST, 14 June 2019
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Australians will dramatically outlive their superannuation savings and it's worse if you're a female, according to a new report.
Figures show women are expected to outlive their retirement fund by 12.6 years.
This is three years greater than their male counterparts whose super dries up in 9.9 years, according to a new report.
Australian women outlive their savings by 12.6 years. This is three years greater than their male counterparts whose superannuation dries up in 9.9 years
The revelation comes from a new report by the World Economic Forum, which looks to the financial reality of retirement and gap in savings per gender.
Australia's superannuation system is described as one of the most well-developed saving systems in the world but has operational issues during the retirement phase.
The report says: 'The Australian retirement system, dominated by superannuation, is one of the most well-developed from an accumulation perspective, with high levels of coverage, mandated levels
