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Superannuation industry group ASFA has released alarmist research claiming that Australian retirees are being hurt by rising living costs:
Retirement costs are climbing at their fastest rate in more than a decade, driven higher by surging fuel prices and a sharp jump in council rates and other fees.
A comfortable retirement now costs a couple $63,799 a year ($1222 weekly) and a single senior $45,239 ($867 weekly), a jump of almost 3 per cent since 2020, according to a new report from superannuation industry group ASFA.
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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.