In New Zealand, women make up 50.3% of the overall population (Stats.NZ, Sept 2021) and as of 2019 have a life expectancy at birth of 83.5 years, compared to 80 for men (Stats.NZ).

Overall, women have median hourly earnings of $26.37, compared to $29 for men. The resulting gender pay gap (based on median hourly earnings) is 9.1% as of June 2021 and has remained fairly consistent over the last five years (Stats.NZ, Aug 2021). The ethnic pay gap further influences women’s hourly earnings.

Women are disproportionately impacted by divorce and domestic violence, and have borne the brunt of the COVID crisis, with higher rates of job loss than men (Stats.NZ, Nov 2020).

Women continue to take the lion’s share of childcare and are more likely to work part-time (Ministry for Women, May 2018). As a result, women have fewer opportunities to financially prepare for retirement via asset acquisition or KiwiSaver contributions.