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Q+A: Why are Australians afraid to spend their super?
- Interview
- Business & money
Australians spend decades building their superannuation, but when retirement finally arrives, many are reluctant to spend it. One study found the median pensioner died with around 90 per cent of their retirement wealth still intact. So why are we so afraid of running out of money, even when we've saved enough to enjoy retirement? In the latest episode of Fear & Greed's weekly series with MLC Expand, Sean Aylmer speaks with Ashton Jones, Director of Retirement Innovation at MLC, about the psychology of spending in retirement, why planning for income matters as much as building a super balance, and...
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Is this episode right for you?
B1 · Intermediate
Fine if you can follow simple news
- 76% of the words are B1 or easier.
- 181 words a minute: natural, fairly fast speech.
- 39 harder words (B2 and up) in the whole episode.
Transcript
The opening of the episode. The whole transcript is in the player.
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Welcome to Fear and Greet Q&A where we ask and answer questions about business, investing, economics, politics and more. I'm Shawn Aylmer. One very real risk of working so hard to save for retirement is that when you get there you
may be too worried about running out of money to actually enjoy it. It's not just a hypothetical. One study found that the median pensioner died with around 90% of the wealth they they had when they retired.
This interview is part of our weekly series in partnership with MLC Expand, looking at the future of retirement, investing and financial advice and how technology is changing the way Australians manage their wealth. Ashton Jones is Director of Retirement Innovation at MLC.
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