Australians' Superannuation Savings Reach $172k Milestone
Australians have reached a significant milestone in their superannuation savings, with a "historic" retirement shift observed by a peak body.
According to recent data, men aged 60 to 64 have an average of $396,000 in superannuation savings, while women in the same age group have an average of $313,000.
- Men (60-64 years): $396,000
- Women (60-64 years): $313,000
Some Australians are not confident about their retirement.
The superannuation savings milestone comes as Australians are retiring later, with some experts highlighting the "big problem" this trend poses for future generations.
Author's summary: Australians reach $172k super milestone.
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