ASFA says most retirees exhaust their super savings
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Retirees exhaust their retirement savings at a much faster rate than is generally believed, with 80 per cent of those over the age of 60 who died between 2014 and 2018 having no super left for up to four years before their death.
The research by the Association of Superannuation Funds of Australia (ASFA), using data from the Household, Income and Labour Dynamics in Australia (HILDA) survey, also found that for those aged 80-plus, more than 90 per cent had no super in the four-year period before their death.
ASFA says most retirees exhaust their super savings
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