Essential Report

Retirement income

May 5, 2015

Q. Do you believe that you will have adequate income from your superannuation and investments to live a comfortable lifestyle when you choose to stop working? (based on those who work full-time or part-time)

  Total   Men Women Aged 18-34 Aged 35-54 Aged 55+   Income less than $1,000 pw Income $1,000-1,600 pw Income $1,600+ pw
Yes – I feel confident 7% 8% 5% 8% 5% 10% 4% 6% 10%
Yes – I think so 23% 23% 22% 21% 23% 23% 15% 26% 30%
Unsure 32% 37% 27% 29% 34% 24% 34% 24% 30%
No – I have no idea what I need 13% 12% 14% 20% 11% 7% 12% 17% 10%
No – it worries me 26% 20% 32% 21% 27% 35% 35% 28% 19%

Only 30% of workers believe they will have adequate income from superannuation and investments to live a comfortable lifestyle when they retire.

39% think they won’t have enough and 32% are unsure. Those most likely to think they won’t have enough were aged 55+ (42%) and those on incomes less than $1,000 pw (47%).

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