Cost of living delays retirement

by

Ed.

From www.thesenior.com.au: The rising cost of living is forcing many retired Australians, like 69-year-old Lydia, to return to work or delay their retirement to make ends meet, as their pensions and savings are insufficient.

Research from Finder highlights that nearly half of those affected are doing so primarily due to financial pressures, with many lacking adequate superannuation.

The National Seniors Australia advocates for increased pension support and exemptions for employment income from pension income testing to help alleviate the financial burden on older Australians.

Filed under: Superannuation

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