While surveys show fears of retirement is the top source of stress for workers, retirees themselves are among the most financially secure cohorts in the country.
If Australians had a dollar for every time they were told they did not have enough super, they might just hit the super lobby’s retirement targets.
The Association of Superannuation Funds of Australia estimates a couple needs $690,000 in super by age 67 to enjoy a “comfortable” retirement where they spend $73,000 per year.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
