Almost 4.2 million Australian workers fear they will never afford to retire, survey reveals

21 hours ago 9

4.2 million Aussie employees don’t believe they’ll be able to stop working when they want to. Almost one in five Australians believe retirement will never come, with new research exposing a superannuation crisis threatening millions of workers. A Finder survey of 757 employed Australians revealed 17 per cent believe they will never have enough money to retire. A Finder survey of 757 employed Australians revealed 17 per cent believe they will never have enough money to retire. A further 12 per cent expect they’ll need to keep working part-time later than planned just to make ends meet. That’s 4.2 million Aussie employees who don’t believe they’ll be able to stop working when they want to. MORE NEWS: Classic Queenslander now a sleek beach house In the red: Qld landlords plunged into $593m black hole $20k: The price for a square metre in Qld’s priciest suburb Richard Whitten, money expert at Finder. Richard Whitten, money expert at Finder, said many worry their super balance is not enough to fund a comfortable retirement. “A significant number of Australians are expecting retirement to be about getting by, not living well,” he said. “Instead of picturing years of freedom after decades...

Read Entire Article