Attention paid to retirement arrangements
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 |
|
Aged 18-34 |
Aged 35-54 |
Aged 55+ |
|
| A lot of attention |
21% |
8% |
20% |
37% |
|
| Some attention |
35% |
30% |
42% |
29% |
|
| Not much attention |
27% |
35% |
27% |
15% |
|
| None at all |
15% |
21% |
8% |
16% |
|
| Don’t know |
3% |
5% |
2% |
2% |
21% say they pay a lot of attention to arrangements for your retirement income and a further 35% say they pay some attention. 42% pay no or not much attention.
Interest in retirement income increases with age – 37% of those aged 55+ are paying a lot of attention compered to just 8% of those aged 18-34.
61% of men pay a lot/some attention compared to 51% of women.
Those on higher incomes also pay more attention to their retirement income – 63% of those earning $1,600+ pw are paying a lot or some attention compared to 39% of those earning under $600 pw.
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