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Written Answer by Mr Lim Swee Say on breakdown of CPF balances by gender and age groups

Employment practices
Notice Paper No. 93 Of 2016 For The Sitting On Or After 15 Mar 2016 Question No. 79 For Written Answer

MP: Ms Foo Mee Har

To ask the Minister for Manpower how does the average CPF balances of members vary by gender and what is the breakdown of gender differences by the respective age groups.

Answer
  1. In 2015, the average net CPF balances1 of males and females across all ages was $86,000 and $76,000 respectively. The difference between male and female CPF balances has narrowed from 21% in 2005 to 14% in 2015.
  2. Table 1 shows the male-to-female ratio of average net CPF balances across different age groups. The male-to-female ratio is lower for younger age groups and increases for older age groups. 

Table 1: Male-to-female ratio of net CPF balances by age group, 2015

Age Group

25-30

31-35

36-40

41-45

46-50

51-54

Male-to-female ratio of CPF balances

0.82

1.02

1.05

1.10

1.17

1.14


FOOTNOTE

  1. Net CPF balances refer to net balances in the Ordinary, Special, Medisave and Retirement Accounts. This excludes CPF savings that have been withdrawn for approved purposes (e.g. housing, the CPF Investment Scheme and the CPF Education Scheme).