Will the poor returns continue, or can we expect a rebound? Here is a simple point form summary of key insights and views on the outlook.
Over two million seniors rely on the Age Pension for retirement income, according to the Australian Institute of Health and Welfare (AIHW). Currently, you can start receiving the pension at age 66.5, but by the middle of 2023, you’ll need to be 67 or older.
With interest rates rising almost everywhere, including Australia, people have begun tightening their purse strings as best they can.