None
NL
AMP’s George makes call to arms on retirement confidence
['Shy-Ann Arkinstall']
Money Management
AMP’s new Retirement Confidence Pulse report has revealed just 50 per cent of Australians are confident about retirement, as the costs continue to grow for retirees.
Based on a survey of 2,000 Australians, conducted by independent research company Dynata, just half of Australians express confidence in their retirement prospects, though age, gender, family status, and income proved key factors when it comes to confidence.
Digging deeper, just 21 per cent women in this age bracket who were separated or divorced reported confidence in their retirement, while single women with children came in at 19 per cent.
Meanwhile, unemployed Australians aged 40–49 who were looking for work had the lowest level of confidence overall with just 13 per cent.
At the top end of the spectrum, a higher income was strongly linked to higher confidence scores across all age groups.
['amps'
'australians'
'retirement'
'makes'
'cent'
'income'
'arms'
'reported'
'confidence'
'higher'
'george'
'overall'
'aged'
'age']