Nearly two in five Aussies fear retirement out of reach
NEARLY two in every five Australians fear they will not be able to retire, as housing prices and day-to-day costs grind higher, new data shows. Roughly 38 per cent of Australian superannuation members have that worry, up from 28 per cent in 2024, while two in three Aussies expect to work longer than planned, according to a study by MFS Investment Management. Housing costs have overtaken day-to-day living expenses as people’s top financial worry, followed closely by purchasing power being eroded by high or rising inflation. And fewer than half of retirees are confident