Over half of older Australians are worried they will outlive their savings, and two-thirds of retirees who have been retired five years expect to spend their savings over the next 20 years, according to the National Seniors Australia (NSA).
The NSA’s latest research, in partnership with Challenger, found of those worried of outliving their savings, women (59%) were more worried than men (47%).
People without any super reported the highest levels of worry, with 23% worrying frequently, the advocacy group said.
Read the full report in Money Management.
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