How much do you need for a comfortable retirement in Australia?

In this episode of Usap Tayo, we looked at the growing concern among Australians about whether their savings will be enough for retirement as living costs continue to rise.

Australians looking for work in their 40s and women, especially those divorced or single with children, are not feeling confident about retirement. Credit: Storyblocks / 1st footage

Key Points

• Half of Australians worry they will not have enough savings for retirement, according to AMP.
• Women are less confident than men, with only two in five women feeling prepared compared to three in five men.
• The annual cost of a comfortable retirement has risen by more than $13,000 in just five years, based on ASFA data.

LISTEN TO

How much do you need for a comfortable retirement in Australia?

SBS Filipino

07:40Filipino

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