Poll: Australians require $718K for retirement
A recent survey has shown that Australians believe they need more than 1 million Australian dollars (approximately 718,000 US dollars) to ensure a comfortable retirement, with the required amount increasing by about 183,000 Australian dollars in just one year due to inflation pressures and rising living costs. It is also expected that Australians will continue working until the age of 66, despite their desire to retire at 62, as a result of financial pressures and inflation, which accelerated to 3.4% in April. The survey also reflects greater concerns among women, who fear they will not have enough money to live comfortably after retirement compared to men.
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