While the growth in the projected pool of superannuation savings is impressive, it belies the harsh reality facing those not far off retirement.
Wealthy & Wise's insight:
Many people in today's society are unaware of how much money they are going to need when they retire if they are to maintain their lifestyle they have become accustomed to. This article says that the averge male in his 30's needs to contribute 5.4% and a women 7.5%.
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