baby boomers retirement

Baby boomers can't afford to retire

Baby boomers are often touted as Australia’s most prosperous generations. They are living longer than previous generations, retiring later, and are commonly labelled as the beneficiaries of Australia’s growing property market. But according to research conducted a couple of years ago,  a third of Australian baby boomers won’t be able to afford their retirement. The Baby Boomer Housing…

The Average Baby Boomer is now a Millionaire

Australia’s had a great decade of economic growth and the benefits were spread across the economy. And older age groups were the big winners, becoming much wealthier and fitter, thanks to a fall in interest rates and improved health care outcomes according to Grattan Institute CEO John Daley reported Business Insider. The growth in wealth…