Hundreds of thousands of Australians plan to retire in the next five years, but there's a shift under way.
Women are working almost two years longer and are retiring aged 54 on average, up from 52 in 2018.Deirdre Fairbairn retired at 74 last month after working at Woolworths in Coogee for 33 years.Deirdre Fairbairn retired at 74 last month after working at Woolworths in Coogee for 33 years."And it was nice to meet people and you had your own pay packet," she said.
The average Aussie intends to retire at 65, with 673,000 workers planning to retire in the next five years. "A couple needs about $70,000 per year, and a single person about $50,000, to have what's a dignified retirement," Association of Superannuation Funds of Australia deputy chief executive Glen McCrea said."The key here is for women to get more in their super when they're younger, and putting super guarantee or super on paid parental leave is really important."But 34 per cent of retired women say they rely on their partner's income, compared to 7 per cent of men.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Terrorism fear prompts new travel warning for AussiesThe Australian government has issued a fresh travel warning for Denmark in the wake of a growing fear of terrorist attacks in Europe.
Read more »
Australian tennis stars dealt tough US Open draw as Novak Djokovic prepares for showdown with Carlos AlcarazAussies dealt tough US Open draw as Novak prepares for another epic showdown
Read more »
‘Something I’ve heard’: Paine’s reveal over surprise Warner role as Aussies launch WC campaign‘Something I’ve heard’: Paine’s reveal over surprise Warner role as Aussies launch WC campaign
Read more »
Seven Aussies in action as Tomljanovic plays first match of 2023: US Open LIVESeven Aussies in action as Tomljanovic plays first match of 2023: US Open LIVE
Read more »
Australia names three debutants for first T20 against South Africa in DurbanAussies make EIGHT changes and unleash three debutants for Proteas T20
Read more »