Half of all Australians don’t feel particularly confident about their retirement finances and almost as many don’t have a post-work financial plan, three new reports show.
Just 50 per cent of 2000 Australians surveyed in July said they felt confident about their financial security in retirement, with more than one in three of those older than 65 still feeling financially insecure.
Financial services giant AMP commissioned the survey by independent research company Dynata as part of its new emphasis on retirement services and released the findings on Monday.
Meanwhile, investment manager Natixis said its Global Retirement Index found 53 per cent of Australians said it would take a “miracle” for them to be able to retire securely - up five per cent from 2023.
CoreData Research surveyed 7