Retirees Facing Record High Costs as Aussies Need $51,278 to Fund Golden Years
Melbourne, Australia – The cost of retirement for Australians has reached a new record high, with single retirees now requiring $51,278 per year for a comfortable retirement, according to the Association of Superannuation Funds of Australia (ASFA). For couples, the figure stands at $72,148 per year, reflecting an annual increase of around 3.5 percent, which is lower than the official inflation figure of 4.1 percent. ASFA CEO Mary Delahunty noted that retiree budgets have been …