9th Jan 2018
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Retirement Affordability Index December 2017
Author: YourLifeChoices

There is a problem. At least that is what an overwhelming number of retirees say when asked about the adequacy and fairness of the Age Pension.

It’s an opinion shared by The Australia Institute’s (TAI) senior economist Matt Grudnoff, who points out that one in four retirees in Australia are living in poverty. The Age Pension system, he says, is both “inadequate and hugely complex”. But he has a solution – a Universal Age Pension.

YourLifeChoices, in partnership with TAI, publishes quarterly updates analysing the latest Australian Bureau Statistics (ABS) and Consumer Price Index (CPI) data, in order to create the benchmarks you need to best manage your household finances. Our aim is simple – to provide the most accurate and timely information relevant to all six retirement tribes, as defined by home ownership, relationship status and retirement income.

This enables all retirees to consider which tribe best fits their circumstances and compare spending with the norm for that type of retiree household. Edition number four, the most comprehensive yet, is now available for your viewing. It has the latest ABS data on expenditure for retiree households, updated with the September 2017 quarter CPI.

Don’t miss out. You know that the key to a more affordable retirement is staying well informed. And that’s what YourLifeChoices is here to help you do.

So here it is, the December-quarter Retirement Affordability Index™ ready for you to download in PDF format.





    COMMENTS

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    9th Jan 2018
    10:52pm
    I think the numbers for affluent are low
    Affluent couple Min > $100k
    Affluent single Min > $75

    Perhaps the averaging from the survey brings the numbers down, Averaging wont impact the other 2 categories as much
    OnlyGenuineRainey
    10th Jan 2018
    7:42am
    I find it disturbing that Christian Porter defends the system. It's one thing to say ''this is what we have, and we have to work with it'', but surely nobody with half a brain could suggest it's a good system. It's notoriously BAD - seriously flawed in dozens of different ways and failing both taxpayers and retirees dismally. Even if he has to administer it and can't fix it, he should admit the truth - otherwise he just looks like a blithering idiot!


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