The cost of retirement

Retirees living on National Super without other savings will struggle to have a healthy lifestyle, new research shows.

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1st September, 2012

It’s all very well for health advisers to tell us to take a holistic approach to ageing, to eat well, stay fit and have a lively social life. But if we want a healthy retirement, we’d better start saving; National Superannuation won’t cover the cost of it. This is according to Jessica O’Sullivan, a population health strategist who, for her masters thesis, broke down the budgetary needs of the average retiree to estimate a minimum income for healthy living. The results, published recently in Ageing & Society, are not reassuring; a single person renting a home will need $453 ...

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