Savings behaviour has failed to keep pace with the change in life expectancy. Michele Mossop Sally Patten AFR Woodcut Only half of senior Australians have made financial plans that take into account longer life expectancy, suggesting the need for some form of guaranteed income stream in retirement, the author of a new report says.
A study by National Seniors Australia found that nearly one quarter of older Australians had made no plans for living longer, while others had made some plans to cover their health, accommodation or lifestyle needs.
The report’s lead author, National Seniors research director John McCallum, said the […]
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