Australians' Superannuation Savings Reach a Milestone
Australians have reached a significant milestone in their superannuation savings, with a "historic" retirement shift observed by a peak body.
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.
- Men (60-64 years): $396,000
- Women (60-64 years): $313,000
Some Australians are not confident about their retirement.
The public sector gender pay gap data has also been revealed, highlighting the disparities in retirement savings.
Australians are now retiring five years later than before, posing a "big problem" for future generations.
Author's summary: Australians' superannuation savings have reached a milestone.
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