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HILDA report reveals people in Australia are retiring later

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Home ownership appears to be the key to retiring with more money, with the average super balance for a retiree who owned their home outright at more than $500,000 in 2023. That's according to the annual Household, Income and Labour Dynamics in Australia Survey, which also found Australians are working longer, having fewer children, and spending more as loneliness continues to rise.
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