A HESTA survey reveals that 49% of Australians aged 18-39 have taken action to plan for retirement, driven by cost-of-living pressures over the past year. This includes salary sacrificing and using online tools to track superannuation. In comparison, 44% of those aged 40-54 and 29% of those 55-plus have taken similar steps. The survey highlights growing awareness among younger Australians about the importance of superannuation for long-term financial security, with running out of money being their top retirement concern.
14October2024