Author: Amy Bainbridge

Despite Australia’s world-renowned pension system, a shocking 40% of Australians fear they’ll never have enough money to retire, as revealed by a recent survey. The country’s superannuation industry, valued at $3.9 trillion Australian dollars ($2.6 trillion), has been lauded as a model for pensions globally, yet many citizens doubt their financial security in later years. Australia ranks seventh in the Global Retirement Index, which evaluates 44 countries based on post-work finances, health, and overall well-being. Switzerland topped this year’s rankings, with concerns rising about the rising costs of state pensions in developed economies worldwide. Despite mandatory employer contributions of 11.5%…