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Will Women face Financial Hardship in Retirement?
By Debra Lohrere
The looming hardship that will be faced by many of the baby boomers
likelihood of the government being able to afford any sort of
reasonable amount of pension is very slim, simply because of the
magnitude of the number of people who will be retirees, compared to
the working population. The Australian government has realised this,
and that is why they introduced the compulsory employer paid
superannuation scheme and are even now beginning to give financial
incentives to Self-funded retirees. They are also now encouraging
people to work well beyond the 65 year barrier. (continued below ...)
By Debra Lohrere
The looming hardship that will be faced by many of the baby boomers
likelihood of the government being able to afford any sort of
reasonable amount of pension is very slim, simply because of the
magnitude of the number of people who will be retirees, compared to
the working population. The Australian government has realised this,
and that is why they introduced the compulsory employer paid
superannuation scheme and are even now beginning to give financial
incentives to Self-funded retirees. They are also now encouraging
people to work well beyond the 65 year barrier. (continued below ...)
Most people have never sat down and even considered the
| Financial Hardship in Retirement |
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