Australians' Superannuation Savings Reach New Milestone
Australians have reached a "historic" retirement milestone, with significant superannuation savings.
According to recent data, at ages 60 to 64, men have an average of $396,000 in superannuation savings, while women have around $313,000.
Some Australians are concerned about their retirement savings, with a notable gender pay gap in the public sector.
- Men aged 60-64: $396,000 in superannuation savings
- Women aged 60-64: $313,000 in superannuation savings
There has also been a "historic" retirement shift, according to a peak body.
Australians are advised to review their superannuation savings to ensure a secure retirement.
Author's summary: Australians' superannuation savings have reached a new milestone.