Survey shows fewer women need men in retirement

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While Australians continue to wait longer to retire, the impact on women’s working lives is greatest, according to data released by the Australian Bureau of Statistics (ABS) on Monday.

“On average in 2016-17, Australians aged 45 years and over were intending to continue in the labour force until 65 years, up from 63 years a decade ago,” ABS Chief Economist Bruce Hockman said.

“This is consistent with the continuing trend of people staying in the workforce for longer,” Mr Hockman said. “A decade ago, around nine per cent of people aged 65 and over were employed. This has increased to around 13 per cent in 2016-17.”

The report, Retirement and Retirement Intentions, is conducted every two years and surveys those aged 45 years and over, whether or not they are retired.

In the 45 to 49-year bracket, five per cent were retired, compared with 64 per cent of 65 to 69 year olds and 82 per cent of those aged 70 or more.

In 2016–17, of men aged 45 years and over, 58 per cent were working, 36 per cent had retired, three per cent were out of work but not retired and three per cent had never worked, the ABS said.

“In contrast, 47 per cent of women aged 45 years and over were in the labour force, 40 per cent had retired, eight per cent had never worked and five per cent were not in the labour force but had not yet retired.”

Based on the latest Multipurpose Household Survey, the data indicated that women’s retirement circumstances varied more compared with respondents in the 2014-15 survey.

Two years ago, 13 per cent of the female respondents said they expected to rely on a partner’s income compared with 11 per cent today.

The bulk of people who had previously retired and rejoined the workforce or intended getting a job were women – 108,200 out of 177,500.

Reliance on a government pension or allowance was also down to 25 per cent of all respondents compared with 27 per cent previously.

Of the 1.6 million men who had already left the workforce, 29 per cent of them retired aged 65 years and over compared with 26 per cent previously – an increase of three percentage points.

However, the number of women who waited until 65 to retire climbed five percentage points from 10 per cent to 15 per cent.

And it seems baby boomers become restless more easily nowadays, with 32 per cent of them saying they returned to work because they were bored or needed something to do, compared with 28 per cent two years ago.

By occupation, people working in sales had the highest average age that they expected to retire at in 2016-17, at 66 years, while community and personal service workers had the lowest at 64 years.

Did you retire at the age you had planned to? If you are still in the labour force, when do you think you will retire? Will you have to work longer than you hoped for financial reasons?

Amendment: ABS has confirmed that an ABS supplied table published in this article was incorrect. The ABS table has been removed and will be replaced when correct information is available.

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Written by Olga Galacho

142 Comments

Total Comments: 142
  1. 0
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    “Survey shows fewer women need men in retirement”

    So bloody what? This is just more feminist crap from YourLifeChoices. Put a sock in it. Plenty of men don’t need women, or want them.

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      I am one of these really fortunate independent women. I had 2 careers, brought up two children and being of my generation I did all the housework cooking, shopping, worked full-time, and generally waited on my husband for 40 years before I lost him.
      It now gives me great pleasure to do what I want, when I want, eat when and what I want, go where and when I please, and from comments like the above, I certainly can do without another man in my life. Lucky woman I am! And I am sure there will be a chorus to join me.

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      Good luck to you. But never forget that it was a man who put a roof over your head in the first place.

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      Maggie well done. Hopefully your husbands money won’t run out. I think it’s important that all you single women stay single and stay independent keep up the the good work. 🙂

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      Everyone’s waiting to retire because the age to retire went up. This article was stupid.
      I have worked most of my life since 14. I still have my wonderful husband (we are both in 60’s) and hope to have him for another 25 years should we live that long lol. Should the unthinkable happen, I wouldn’t want another partner.
      There will always be a percentage of men and women who prefer to be single Or who have lost a partner.
      If you look around, you’ll also see all the loving elderly couples enjoying life with each other.

      We are a diverse group of men and women. Some good and some not so good.

      Knows-a-lot – I bought my first home as a single woman. I have contributed equally financially and domestically as my husband has.

      Aw tibs – the war of the sexes lol. I’m so happy you are enjoying life and I hope you continue to do so for a long time to come. My best wishes for you. Oh and yes, I’ve noticed the influx of older woman at the checkout. I think good on them for looking after themselves.

    • 0
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      Crafty what a really nice comment. I wish you and your husband many years of happiness it’s nice to hear from a woman who appreciates her husband, I’m sure he feels the same about you. And yes I know I’m a grumpy old man. I’m truly terrible aren’t I. 😉

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      You’re not so terrible lol. You just need a good woman who suits you, and yes there are a few. You do need to keep you and and your finances safe. Lots of crazies.
      I love my husband but he is a bit old school like you and a few others. See my statement further down. You would enjoy his sexist comments lol. I just laugh, he is a very good man, kind and loving.

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      Knows it all, that is such a crap comment to say to Maggie that a man put the roof over her head. A marriage is supposed to be a partnership and whoever brings home the pay packet is no more a contributor than the one who raises the kids, cooks, cleans and does all the other millions of unpaid chores so that the breadwinner can have a cushy life just working. When the one who raised the kids, usually the woman returns to the workforce she is well behind the eightball having been away so long so probably takes a job well below her ability. Men had it all so good and so easy for so long, some recognise that and others are bitter, twisted and nasty. No wonder many women are loving their freedom.

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      ‘On yer bike’ sounds almost as twitter and bisted as Knows-a-lot 🙁 Merry Christmas to all, including those (women) who ‘worked down mill’ a-cooking and a-cleaning ‘n raisin the chillun and those (men) who ‘worked down mill’ busting their gutz for their families also 🙂 Goodwill to all this jolly old Christmas 😉

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      I agree with Happy cyclist. I think both Knows-a-lot (who knows very little by my observation) and Tib were extremely rude to Maggie. She said she had two careers. Who knows how much she contributed in money terms (not that a monetary contribution is any more valuable than raising children and running the household). She may well have contributed far more money than her husband over their lifetime. She may have bought their first home. My daughter did. Her husband had NOTHING when they married but she had a house deposit and she worked full time for 15 years to pay the house off. Her husband still spends 80% of his take home pay on himself and has private bank accounts while she struggles to pay all the bills AND care for the house and children.

      I had uncles who were alcoholics and drank all their pay while their wives worked hard to support the family and keep up the house payments. And a friend was a chronic gambler whose wife worked to support the family while he lost everything on the horses.

      On the other hand, I know two women who put every cent they earn through the poker machines.

      We can all quote examples of irresponsible partners of both sexes. It is exceedingly rude, nasty, presumptuous and unfair to make assumptions about people you don’t know and to judge either women or men as a group. There are millions of fine, hard-working women doing more than their bit for their families, and thankfully there are millions of hard-working, considerate men doing right by their families. Show them ALL some respect and stop being sexist and chauvinistic.

    • 0
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      “I think both Knows-a-lot (who knows very little by my observation) …”

      I know a lot more than you will ever know, Rainey.

    • 0
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      About how to be insulting and offensive, Knows-a-lot – and very little if anything else.

    • 0
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      Only morons find truth insulting and offensive, Rainey. I know more than you about more things than your highly limited intellect could ever possibly imagine. Go and Rain on someone else’s parade.

  2. 0
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    Every week we get the usual story older women destitute,the poorest group in the Australian community. Of course women are working longer and living alone they don’t have a choice. It’s good to see men are no longer picking up the bill. It’s obvious we men don’t need you. I guess this is why I keep seeing so many 70 year old checkout chicks. Ha ha
    I hope you all stay independent and keep working till your 80, not as if you have a choice, the world needs more very old checkout chicks.
    By the way ladies I retired at 52. It’s 10am and I’ve just enjoyed a leisurely breakfast and I look forward to a day doing what I want. You probably just finished your 2 hour call in for woollies , lucky you. Ha ha.

    • 0
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      Beach, shopping and checking out YLC – life is good Tib.
      Its an article, not an opinion of the female population.

    • 0
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      Yeah, Tib. Chill and enjoy Christmas 😉 Its only one journos interpretation of stats etc. written, methinks, to stir the Chrissy pot. Seems to be fairly successful too 🙁

    • 0
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      Oh dear if I start seeing too much Christmas cheer, I’ll have to have a little lie down. Merry Christmas to all the happy people and a special Merry Chistmas to all the grumpy ones…bah humbug.:)

    • 0
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      Your right heyyybob I don’t want to have a grumpy heart attack and cut short my retirement. Merry Christmas.

    • 0
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      Gudonyer Tib. Suggest we ALL look under the Christmas tree for that piece of paper guaranteeing we will be here NEXT Christmas 😉 Nope, no such thing is there. So lets ALL resolve to enjoy 2018 the best and the bestest way we can 😉 YoHoHoHo !!!

    • 0
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      It’s good women work and pay their own way. The article probably means women don’t need men to support them financially which is a good thing.

      As super started for everyone in the 90’s, women will continue to be more self sufficient. Nobody wants a man or woman who doesn’t work or contribute.

      This will result in women contributing more financially and men contributing more domestically in their marriages.

      Don’t have a grumpy heart attack tib:). Better to have an old checkout chick than a lazy, won’t get off her ass user.

  3. 0
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    I certainly retired from paid workforce much earlier than planned. I stopped work to have 2 babies & when my son was newborn 1 week old I was forced to pack up house & move interstate in Dec instead of mid Jan & was then sprayed with dangerous pesticide by my husband’s employer -Dept of defence. It was only supposed to be used in vacant houses & with 2 babies & no transport there was no way to escape. I have lived with chronic illness ever since. University education and life wasted by arrogant men.

    • 0
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      I had my life wrecked by arrogant women – bloody feminists.

    • 0
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      Knows-a-lot
      I certainly am not a feminist. I grew up in a loving family with a wonderful father, only daughter with 5 younger brothers. Some of my closest friends are men. I probably did not come across any of these arrogant men before marriage and I probably still don’t know many other than the hierarchy of defence. However after more than 30 years of illness there is still no other logical reason for me having to be discharged from hospital because the removalists were on the way and having to move that week for my husband to work one week in new posting before Chrismas leave when we’d given them notice of my pregnancy 4 months earlier.

    • 0
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      Don’t take it personally cmcmull. Some of these men have had bad experiences with women. As much as some women have had bad experiences with men.

      You should look into compensation. No life is wasted. Your husband must be supportive with you being sick so long, I know my husband is when I am sick. You gave life to 2 human lives and brought them up, which is an accomplishment. Create new dreams for you.

  4. 0
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    There is nothing better than a strong woman to tame.

  5. 0
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    Perplexing. The article talks about age 45 and this is nowhere to be seen on the graphs. Also what id “persons”? Are these transgenders?
    A poorly written article.

    • 0
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      Mick, I was wondering the same thing, but I reckon I’ve worked it out.
      “Persons” are all the yes voters in the “you-know-what” (I don’t want to get persecuted for mentioning it)

  6. 0
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    Men die young…fact!
    When they die..the wife gets the lot plus Insurance!
    Of course they don’t need or want a man!
    They are financially Independant!
    Women only have a man for children & family and of course…with kids…you need a pay check!
    Men on the other hand are hard wired to to have sex and procreate!
    This entails Slavery as much for him as it does for her…but it is for the Children…not each other!
    50% end up divorced…which means back to step1 for the man….and a replacement bread winner for the woman.
    So it is more logical that the man is the one put in the poor house and is made bitter!
    It takes 2 to Tango….but only one to decide to Quit!
    Mant times I get told men are just cheating bastatds….but hey….who the hell do you girls think he is cheating with?
    The Sheep?
    In real life…dishonesty has No Gender!
    As for being bitter?
    Who the hell wants a Partner that is dishonest & lies to you?
    The one who gets cheated on needs a Reality Check….they are doing you a favour….they simply are not worthy of your time!
    Be thankfull you found out and move on!

    • 0
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      Yes men die younger now because they smoked and drank too much but that is changing. Now , young women smoke and drink too much.
      Every relationship has to have deal breakers. Ours are infidelity, dishonesty and other behaviours that should go unsaid like abusive behaviour.
      My husband is sitting next to me and said “yes, men die younger for having to put up with their wives for 30 plus years”. OMG the men we marry lol.

    • 0
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      I dunno about all that – older women are lining up to have a shot with me……

      Women don’t really live much longer than men – it just seems that way to men (chortles)….

    • 0
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      Men die younger because (among other reasons) they defend their country in times of war – keeping the women safe at home – and because overwhelmingly they do the most dangerous and dirty jobs.

  7. 0
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    Comment removed for being derogatory – keep it nice please peeps

    • 0
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      .. but.. but.. but… I wanted to read that one… free speech an’ all… let the People decide if they like it or not – if not – move on….

      Like Muslim ‘jihadists’ on Q & A – I always say let them speak their views, and let people decide on what and how they express them…. ’empower’ the ordinary people to determine for themselves what they think is right or wrong….

      (bloody Fascists all around these days)….

    • 0
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      … and feminazis.

  8. 0
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    I never married probably because I didn’t trust anyone to take care of business as well as me. We humans are an imperfect lot, marriage is difficult for both men an women. Marriage would not have suited me as I am very independent. I have enough for my needs and was able to retire early as I didn’t have children. And now I guess I would be a catch but choose to remain single. Relationships and children to me seemed just too hard. But you do miss out on a lot, that I acknowledge.

    • 0
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      Yes, we are an ‘imperfect’ lot, except me and thee, Revell 🙂 Makes us and life more ‘interesting’ but you cannot underestimate the worth, in so many ways, of regular Pillow Talk over the years and decades. However, onward and upwards (possibly) and lets all enjoy our Christmas with families and friends and p’raps the odd (!?) stranger 😀

    • 0
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      Well done revell
      Live life on your own terms

  9. 0
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    Peace and Love and Nice Thoughts/comments people, for …… sake !! Its Christmas, have good one, all of you nice people and all of you not-so-nice people 😉

  10. 0
    0

    there is an old saying which even today is often relevant
    The definition of a successful man is one who can earn more than his wife can spend !
    The definition of a successful woman is one who can find such a man !
    😉

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