RETIREMENT AGE – AUSTRALIA

Not the retiring type: Australians are working well into their 60s

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Original article by Shane Wright
The Age – Page: Online : 9-Apr-24

Analysis undertaken by KPMG urban economist Terry Rawnsley reveals men are not expecting to retire until they reach 10 weeks beyond their 66th birthday, which is the highest retirement age since 1972. In the case of women, they are not expecting to retire until 64.8 years, the the highest since 1971. Rawnsley says the working from home trend that emerged during the pandemic has led many Australians in professional jobs to realise that they can ‘semi-retire’ and still "dabble in the workforce" from home or even a coastal location. Rawnsley’s research shows expected retirement ages have risen since 2003, due in part to changes in access to the age pension.

CORPORATES
KPMG AUSTRALIA PTY LTD

Work till 70? A fifth of us won’t be well enough

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Original article by Sally Rose
The Australian Financial Review – Page: 25 : 11-Jun-15

The Australian Government has advocated requiring people to remain in the workforce beyond the traditional retirement age. However, a report by AMP and the National Centre for Social & Economic Modelling concludes that this may not be an option for some Australians. It shows that 25 per cent of men and 20 per cent of women who are currently in their forties expect their health to be "fair" or "poor" by 2035.

CORPORATES
AMP LIMITED – ASX AMP, UNIVERSITY OF CANBERRA. NATIONAL CENTRE FOR SOCIAL AND ECONOMIC MODELLING, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. PRODUCTIVITY COMMISSION, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT