Australians' Superannuation Savings Reach $172k Milestone
Australians have reached a "historic" retirement milestone, with significant superannuation savings.
According to recent data, at ages 60 to 64, men have an average of $396,000 in superannuation savings, while women have an average of $313,000.
Some Australians are not confident about their retirement, sparking concerns about their financial security.
Retirement savings are a big problem for future generations.
- Men aged 60-64: $396,000 in superannuation savings
- Women aged 60-64: $313,000 in superannuation savings
Australians are retiring five years later than previous generations, highlighting a significant shift in retirement trends.
Author's summary: Australians' superannuation savings have reached a milestone.
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