Change is coming 1 July… Super!
A recent study found up to 50% of older working Australians are expected to retire with debt and around 20% are expected to retire with a mortgage.
So what do you think is one of the primary reasons for this level of debt? It’s the sandwich!
The trend has largely been attributed to our current older generation being the first ‘sandwich’ generation. Many over 50s are under financial pressure from inter-generational dependency resulting in almost $200 billion being contributed to both their parents and children in their lifetime.
So do you think this trend will continue for the NEXT generation of retirees?
