Australians' Superannuation Savings Reach $172k 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, with concerns about having enough savings.
Retirement savings are a significant concern for many Australians.
For more information on retirement savings and what you need per year, further research is recommended.
Author's summary: Australians' superannuation savings have reached a milestone.