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The Association of Superannuation Funds of Australia (ASFA) has released new estimates from the December quarter claiming the rising cost of essentials has pushed up the amount of money Australians need to live a comfortable retirement. From The Herald-Sun:
[ASFA] found for couples to live a comfortable retirement — assuming they own their home outright and are relatively healthy — they need $60,977 per year and singles need $43,317.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.