Australians in their mid-forties need to have more than $200,000 saved up in super to be on their way to a comfortable retirement.
The Association of Superannuation Funds of Australia recommended a single Australian have $535,000 tucked away to live in a bit of style while couples needed $640,000 for an equivalent lifestyle.
Many Australians are a long way from achieving that savings goal with official data showing average super balances of just $286,800 in the final decade before retirement.
Australians in their forties need to have $200,000 saved up in super to be on their way to a comfortable retirement (stock image)
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Three Aboriginal deaths in custody in one week in Australia
After days of official cover-ups, it has been revealed that three Aboriginal people recently died in custody in one week alone.
The latest death occurred on March 7. An indigenous man died in Ravenhall Correctional Centre in the western suburbs of Melbourne, the Victorian state capital. On March 5, in New South Wales (NSW) a 44-year-old woman serving an eight-month sentence was found unresponsive in Sydney’s Silverwater Womens Correctional Centre. Her subsequent death followed that of a 35-year-old man who suffered from a pre-existing medical condition and was found unresponsive in Sydney’s Long Bay Jail Hospital on March 2. The cause of death is currently unknown.