What did the research tell us?
Two-thirds of working Australians have taken at least one career break at some stage in their working lives, with an average of 3.5 career breaks overall. Health breaks were reported as the most common reason for career breaks, particularly among men, while maternity and leave to care for children were the top reasons for women.
Just 6 per cent of women sought financial advice before taking their career break and less than one in five women made a superannuation contribution during their break.
The research also found that 53% of career breakers did not consider the long term financial impacts of their break.