Some migrants in Australia juggling family financial duties feel least confident about retirement

A new study has revealed which Australians are least confident about a comfortable retirement and how much they will need.

Sinta Velasco said she is budgeting carefully to save for retirement while caring for her ageing parents. Source: SBS / Cameron Carr

Key Points

• The AMP data shows that the ‘sandwich generation’ of migrants who support children while also caring for a parent or elderly relative are the least confident about their retirement future.
• Single mothers and women are particularly affected by the lack of confidence in a comfortable retirement, with less than two in five feeling confident about their financial security.
• Experts advise finding out about superannuation and engaging a finance expert to help you prepare for retirement.

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Ilang migrante, mababa ang kumpiyansa na makaipon ng malaki sa pagreretiro sa Australia

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