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.
