Streaming issues? Report here
Africa Melane 1500 x 1500 2020 Africa Melane 1500 x 1500 2020
Early Breakfast with Africa Melane
04:00 - 06:00
volume_up
volume_mute

Up Next: Breakfast with Bongani Bingwa
See full line-up
Early Breakfast with Africa Melane
04:00 - 06:00
Home
arrow_forward
Business
fiber_manual_record
Lifestyle

Women earn less than men – and therefore have worse pension outcomes

22 October 2021 10:11 AM
Tags:
The Money Show
Retirement
Bruce Whitfield
Gender pay gap
Personal finance
Alexander Forbes
gender pension gap
Vickie Lange

The Money Show’s Bruce Whitfield interviewed Vickie Lange of Alexander Forbes.

South Africa has a gender pay gap of between 23% and 35%, according to the International Labour Organization.

The average global gender pay gap is about 20%.

The gender pay gap refers to the difference in wages between men and women for work of equal value.

© mheim301165/123rf.com

The Money Show’s Bruce Whitfield interviewed Vickie Lange of Alexander Forbes about how the gender pay gap is affecting pension outcomes (scroll up to listen – skip to 4:17).

They also discussed in detail the 2021 Global Pension Index Report which ranked South Africa's pension system 31st in the world.

The world's best pensions systems are those of Iceland, the Netherlands and Denmark.

There’s an extension of the gender wage gap. We’re seeing a gender pension gap as well. Women have shorter careers, normally due to care responsibilities… It’s reducing their lifetime income, and hence it follows them through into retirement.

Vickie Lange, Alexander Forbes

This article first appeared on CapeTalk : Women earn less than men – and therefore have worse pension outcomes




22 October 2021 10:11 AM
Tags:
The Money Show
Retirement
Bruce Whitfield
Gender pay gap
Personal finance
Alexander Forbes
gender pension gap
Vickie Lange

More from MyMoney Online