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Inflation hits retirees as super balances shrink (and what you can do about it)

Inflation hits retirees as super balances shrink (and what you can do about it)

When you’re on the treadmill of working, a shrinking superannuation fund is uncomfortable.

by Shared from Yahoo Finance | Aug 23, 2022

Superannuation is changing from 1 November: What you need to know

But that’s nothing on how it feels if you’re relying on that fund to pay for your day-to-day life.

And this is particularly so given that new figures reveal retirees are bearing the brunt of price hikes.

The latest retirement standard index from the Association of Superannuation Funds of Australia (ASFA) shows a couple aged 65 now needs to spend $66,725 a year for a comfortable retirement.

Singles need to part with $47,383.

Inflation hits retirees as super balances shrink (and what you can do about it)

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