Q. In general, how much attention do you pay to arrangements for your retirement income, such as your superannuation returns and fees, wealth management and other forms of long-term savings?
| Total | Men | Women | Aged
18-34 |
Aged
35-54 |
Aged 55+ | Mar 2014 | Jul 2014 | |||
| A lot of attention | 16% | 19% | 13% | 9% | 13% | 31% | 21% | 15% | ||
| Some attention | 38% | 40% | 35% | 37% | 39% | 35% | 35% | 33% | ||
| Not much attention | 26% | 22% | 29% | 29% | 32% | 12% | 27% | 29% | ||
| None at all | 16% | 16% | 17% | 19% | 12% | 19% | 15% | 16% | ||
| Don’t know | 4% | 4% | 5% | 6% | 4% | 3% | 3% | 7% |
16% say they pay a lot of attention to arrangements for retirement income and a further 38% say they pay some attention. 42% pay no or not much attention. This indicates a little more attention being paid to retirement income that when this question was asked in July.
Interest in retirement income increases with age – 31% of those aged 55+ are paying a lot of attention compared to just 9% of those aged 18-34.
Those on higher incomes also pay more attention to their retirement income – 62% of those earning $1,600+ pw are paying a lot or some attention compared to 36% of those earning under $600 pw.