Boomers’ unlikely to enjoy long Bucket List

If there is one thing which will keep ageing Baby Bpomers in the work force is the realisation that their long “bucket list’’ of activities for retirement will be unachievable.

According to new research released recently by Rest Superannuation Fund, of 1000 people surveyed, less than  one third believed they would  be able to fulfil  their retirement dreams – and one in six did not think they would be able to tick off any bucket list items.

This is because latest figures released by  the Association of Superannuation Funds of Australia showed that more than $57,000 a year would be needed for Boomers to enjoy a “comfortable ‘’ retirement together.

Multiply that by 10 years and the kitty would need to hold about  $600,000 – plus a freehold home.

For those seeking a lower standard of living in retirement, the association quoted a figure of $33,000 a year.

In tandem with their aspirations in retirement is the good news that the average age of life expectancy for men is about to pip 80 years, while women continue to live to 83 years of age. It means 50 per cent of the population will live beyond that age, many  well into their dotage.



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1 Comment to “Boomers’ unlikely to enjoy long Bucket List”

  1. By Marie Jonsson-Harrison, 09/12/2014 @ 12:00 pm

    LOL well this article was less cheerful Nadine, more like a cold shower! Although you tried to throw in a little sweetener at the end 🙂 However I guess they are cold, hard facts we all need to know. Hugs Marie xxx

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