Posted 10/16/2023, 7:20:58 PM
4.6 Million Australians Lack Retirement Savings, With Women More At Risk
- 23% of Australians surveyed don't have enough savings for retirement, equal to 4.6 million people
- Women are worse off than men, with 27% not having enough savings vs 18% of men
- Only 28% believe they have enough funds to retire
- Superannuation engagement, especially among young people, is too low
- Simple ways to save more include consolidating funds, voluntary contributions, and avoiding high super fees
