Our 2022 Financial Wellness research shows Australians are concerned about their finances as they prepare for retirement.

Our research has found that people have a ‘fear of running out’ of money and worry they won’t have enough savings for retirement. External factors such as rising inflation and expecting to work longer before they retire due to the cost of living are playing a huge part in these concerns.

The research shows that Australian workers are worried they won’t have enough savings for their retirement, with a $200,000 gap between how much they expect to retire with and what they think they need for a comfortable retirement.

In the next instalment of our Financial Wellness series, hear more from General Manager, Retirement Solutions, Ben Hillier and General Manager, Member Engagement, Stephen Owen as they discuss these insights towards retirement, the reasons for this, helpful indicators and what resources are available for those planning their retirement.