Australians' Superannuation Savings Reach $172k Milestone
A recent report highlights a "historic" retirement shift in Australia, with significant differences in superannuation savings between men and women.
According to the data, men aged 60 to 64 have an average of $396,000 in superannuation savings, while women in the same age group have an average of $313,000.
- Men (60-64 years): $396,000
- Women (60-64 years): $313,000
Some Australians are not confident about their retirement.
The report also touches on the public sector gender pay gap and its implications for future generations.
Author's summary: Australians' superannuation savings have reached a milestone.
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