"A couple who owns their home still needs a combined $730,000 in super to enjoy a comfortable retirement, according to the Association of Superannuation Funds of Australia.
“Around 92 per cent of Australians with super had a balance of less than $500,000 in 2022/23, according to data collected by the Australian Tax Office.”
This is poor writing. It compares a retired couple with an individual of any (working) age. It’s meaningless, but is meant to make you think most Australians won’t be able to live a comfortable life in retirement.
"A couple who owns their home still needs a combined $730,000 in super to enjoy a comfortable retirement, according to the Association of Superannuation Funds of Australia.
“Around 92 per cent of Australians with super had a balance of less than $500,000 in 2022/23, according to data collected by the Australian Tax Office.”
This is poor writing. It compares a retired couple with an individual of any (working) age. It’s meaningless, but is meant to make you think most Australians won’t be able to live a comfortable life in retirement.