Read This or Risk Going Broke Like 97% ( according to the ABS) of Australian's At Age 65"
This may shock you but the Bureau of Statistics shows that 96% of the population at age 65 end up dead, dead broke on a pension. Only 3% become financially independent, and only 1% at age 65 will become rich and this is a similar pattern in most western countries including Australia, New Zealand, USA, UK, Canada, Japan and Europe.According to the survey of 2,017 people in UK for insurer Prudential carried out by YouGov, nearly half said their property was part of a plan while others intend to rely on the state, gambling, a lottery win, or inheritance in the future. But personal debt among those surveyed could be preventing some from saving for the future, the research concluded.
And according to the April 14th 2005 issue of the Sydney Morning Herald he told 2UE "the number of people over 65 is going to double, the number of people of working age, under 65, is going to remain the same"
posted by Chyong Huey @ 7:37 AM
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