For far too long the many years in the life stage known as retirement has been treated as a ‘dead-end’ and the people who are in retirement as a big, beige homogenous blob, who demand a one-size-fits-all solution.
Having written and published content for and about retirees for the past 17 years, the team at YourLifeChoices has become exceedingly frustrated by the inaccuracies inherent in this broad brush approach, particularly when related to projections for retirement income. The glaring omission to date has been the assumption that all retirees live in a home with no mortgage.
YourLifeChoices, in partnership with The Australia Institute, is excited to announce the inaugural Retirement Affordability Index™ – the only report that investigates the real cost of living in retirement for all retirement households in Australia.
The Retirement Affordability Index™ will now help you consider which retirement tribe best matches your situation, so you can compare your spending.
To help calculate the weekly, monthly and annual expenditure for each retirement tribe and to keep you abreast of changes in the cost of living, the Retirement Affordability Index™ will be updated every three months, following the release of CPI data.
And, in this inaugural issue of the Retirement Affordability Index™, we provide updates on increases to the Age Pension age, new pension rates, new income and asset thresholds for part Age Pensions and the changes to the Energy Supplement eligibility, as well as an investigation into the true value of a concession card.
You can also download a copy in PDF format.