/ 23 May 2024

Calling time on your career


For all our talk about giving up work and moving to Hawaii… It seems most Aussies are not *actually* planning to call it quits anytime soon. According to new data from the Bureau of Statistics, Australians are planning to retire between 65-66yo – a milestone that hasn’t changed much in the last 10 years. Workers who plan to hang on the longest are in agriculture (aka a lot of farmers) – they plan to keep going until at least 68yo, while miners want out a bit earlier at 63yo. Retirees are still mostly relying on government income like pensions (43%) while super (27%) is enough to keep some of us afloat. It’s worth noting that 31% of women say they need their partner’s income to survive in retirement. That’s an improvement from 2013 when 44% said their spouse was their main source of funds.

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