New research shows that Australians are not saving enough to afford a comfortable retirement yet they are working less and spending more years in retirement than ever before. According to the 24th AMP.NATSEM Income and Wealth Report, Don't stop thinking about tomorrow, we now expect to spend around 20 years in retirement after age 65. In 1909 only around half of all Australians lived to age 65. The report considers how realistic present retirement expectations are given levels of retirement savings. It considers the impact that increasing future superannuation contributions would have and whether increased superannuation will rescue baby boomer women from the poverty that appears likely to await many of them.
|Place of Publication||Sydney, Australia|
|Number of pages||28|
|Publication status||Published - 2009|