Almost half of retirees are struggling financially, a new survey reveals

ALMOST 40 per cent of recent retirees are struggling financially, a new survey reveals.

A survey commissioned by Industry Super Australia also shows that instead of kicking their feet up more than a quarter of the recently retired had to go back to work – many to keep the lights on.

It also reveals that retirement was thrust upon almost 45 per cent of workers, meaning the more they can put towards their savings during their working life the better prepared they’ll be when it ends.

A total of 734 industry fund members aged 47 years and older participated in either an online survey or a telephone interview overseen by Susan Bell Research between December 2019 and January 2020.

/Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here.