Aussies 'are least worried about their savings'

Mozo

Friday 10 August 2012

Aussies are among the most optimistic people in the world when it comes to their savings accounts.

A new study conducted by Accenture has shown that just 69 per cent of Aussies are worried about their financial situation when they come to retire.

This was substantially lower than the 84 per cent of Indian people who fear for their future and only Germany and Britain posted a better score than Australia.

However, the company's Global Retirement Survey 2012 also showed that just 19 per cent of Aussies have already invested in a retirement fund, whereas 39 per cent of Indians have done likewise.

Retirement savings have been a hot topic of conversation recently and research undertaken by Association of Superannuation Funds of Australia suggested that Aussie workers will have little choice but to pour more money into their nest egg to support their lifestyle when their career comes to an end.

This is because the cost of living is rising so sharply.

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Aussies 'are least worried about their savings'

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