Will you retire above the poverty line?

More than one-third of Australian pensioners are living below the poverty line, making the country among the worst performers in the world for the financial security of older people.

A staggering 2.25 million Australians still rely on government support in retirement. Despite pension reform and recent increases, the base payments are excessively low and not in keeping with increases in the cost of living. The annual payment for a single person is about $22,000 and $34,000 for a couple.

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By | 2017-12-12T06:43:29+00:00 December 12th, 2017|Advice, Investment, Opportunities, Wealth|