SBS News – Australia
·australia
·2 hours ago
Australians now need $630,000 for individual comfortable retirement savings
New data from the Association of Superannuation Funds of Australia revealed that Australians must now save $630,000 for an individual and $730,000 for a couple to retire comfortably, reflecting increasing living costs. Inflation has inflated expected retirement budgets, with 40% of Australians overestimating their needs. Recent trends show expectations tend to decrease.
Summary by OZbrief · SBS News – Australia
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