Are you expecting to have a great life on the pension when you stop working?
Well I have some bad news for you when you compare Australia with other OECD Counties according to the OECD 2017 Pensions at a Glance Report released last week. For instance when you stop working:
In all these measures the pension in Australia will give you a lower standard of living than the OECD average.
And it is only to get worse for Australia. In 2015 there was 4 people of working age (between 20 and 64) for every person over 65. By 2030 it is expected to be 3 people of working age and by 2075 only 2 people.
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Do you and your family a favour and start taking steps so you can improve the health of Your Wealth and get off the treadmill of working till you drop.
Wayne Wanders
The Wealth Navigator
wayne@thewealthnavigator.com.au
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