goingbacksoon Posted October 3, 2014 Share Posted October 3, 2014 On last night's news they reported that Australia ranks 61st in world retirement income!! Here is the link to the website: http://www.cota.org.au/australia/news/newslist/2014/australia-ranked-61st-in-the-world-on-retirement-incomes.aspx. Quote Link to comment Share on other sites More sharing options...
NickyNook Posted October 3, 2014 Share Posted October 3, 2014 The source of the data does not actually say that. It's got nothing to do with the amount of retirement income. Australia is 61st in the world in something called Social Pension 'Income security'. And that's because the Age Pension in Australia is means-tested - rather than being a universal scheme. Many older people in Australia cannot claim the means-tested Age Pension here because they're too wealthy due to income from investments and superannuation. Not a bad situation to be in, really. :wink: Quote Link to comment Share on other sites More sharing options...
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