Australians' Superannuation Savings 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, men aged 60 to 64 have an average of $396,000 in superannuation savings, while women in the same age group have an average of $313,000.
Some Australians, however, are not confident about their retirement, sparking concerns about their financial security.
At ages 60 to 64, men average about $396,000 in superannuation savings while women average around $313,000.
- Men aged 60 to 64 have an average of $396,000 in superannuation savings.
- Women aged 60 to 64 have an average of $313,000 in superannuation savings.
Australians are advised to review their superannuation savings to ensure a secure retirement.
Author's summary: Australians reach $172k super milestone amidst retirement shift.