How much Australians need to retire comfortably, half of Australians anxious about retirement savings
In three new report, half of all Australians are particularly confident about pension financial situations, and almost many do not have a financial plan after the work.
Only 50 percent of the 2000 Australian who participated in the survey in July said that they were sure of their financial security in retirement and that more than three years of 65 years still feel financially insecure.
Financial Services Giant AMP, as part of the new emphasis on pension services, assigned the survey by the independent research company Dynata and published its findings on Monday.
In the meantime, Investment Manager Natixis said that the global pension index will retire with a five percent increase from 2023 to 53 percent of the Australians.
In February and March, Coredata Research searched 7050 individual investors in 21 countries in February and March for the Natixis report.
Natixis said that a complex economic environment, permanent inflation and aging population focuses on worldwide retirement preparations.
Australia has maintained its seventh position in the Natixis ranking and for more than a decade, globally at the top 10 for retirement security.
Norway, Ireland, Switzerland, Iceland, Denmark and the Netherlands took the first six points.
Natixis Australia and New Zealand President Louise Watson said, “Australia’s pension system is globally among the best and played an inseparable role in Australia’s first 10 rankings for pension safety,” he said.
“Nevertheless, about Australians fear their stability in retirement.
“Pressures caused by inflation, the cost of life and higher interest rates, in an undeniable manner, retirees break their wallets and increase the uncertainty of how much they can spend on retirement balances and dreams.
“This reminds us that investors need their money to work hard for themselves in all stages of life to ensure that investors have achieved the best possible result in retirement.”
The Australians were among those who had the most ambitious pension targets, predicting that they would need at least $ 1.25 million to feel safe.
In France and Germany, the average response was $ 350,000 due to generous government benefits and employer subsidies.
The AMP said that the survey is more confident in retirement than men, 59 percent of men and 41 percent of women expressed security about their financial situation.
In the report, only 19 percent of single women with children felt confident.
Australians in their 40s were the least trustworthy by age, only 38 percent say they felt safe about pension financial situations.
A third report published on Friday found that 48 percent of all working Australians were not a financial plan for retirement, 26 percent were “some details ve and 25 percent were well planned.
As part of the 50 -page research report, Vanguard Australia launched a survey on how Australia retired 1800 working age and retired Australians.
Now in the third year, the survey found that those under the age of 45 expected to need at least $ 100,000 per year per household to live comfortably – almost twice today’s retirees.
Vanguard Investments General Manager Daniel Shrimski said, “We have seen a sharp increase in retirement income expectations between the young Australians in just two years since Australia’s first retirement.”
“It is clear that the needs and desires for retirement develop and are fast.”
