Australians delaying retirement amid cost of living crisis
About this episode
The episode discusses how Australians are delaying retirement due to financial pressures and the implications of a declining birth rate.
Australian workers are delaying retirement by up to four years, with the average intended retirement age shifting from 62 to 66 due to cost of living pressures and concerns about outliving superannuation savings. Half of surveyed Australians worry they won't have enough money to live comfortably in retirement, citing economic uncertainty, inflation, interest rate rises, and potential aged care costs. Simultaneously, Australia's birth rate has fallen 25% since 2008, with one in four women now choosing not to have children, creating concerns about an ageing society, workforce shortages, and increased strain on healthcare and national productivity. See omnystudio.com/listener for privacy information.
Topics covered
- retirement
- cost of living
- economic uncertainty
- birth rate
- aged care
- workforce shortages
Keywords
- retirement age
- superannuation
- economic pressures
- inflation
- healthcare
- birth rate decline
Mentioned in this episode
Places: Australia
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