Women are feeling a lot less confident about reaching their retirement savings goals than men in New Zealand, with the latest ANZ retirement savings survey saying women "have every reason to be concerned".
The survey conducted in October with 700 people found that although 44 per cent of New Zealanders
felt they were on track to reach their retirement savings goals, only 34 per cent of women were confident they would reach their goal, compared with 55 per cent of men.
ANZ wealth general manager product and marketing Ana Marie Lockyer said the results of the survey were not unexpected.
"It is not surprising that some women are less confident about their retirement savings than men - they have every reason to be concerned," Lockyer said. "Women are paid less than men, while 85 per cent of New Zealand women take time out from the workforce to raise families."
Lockyer added that this was also affected by women tending to retire two years earlier than men on average and living longer.
