The Not-So-Lucky Country….. If You Are A Pensioner!
So the recent OECD report on the World’s top performing 32 countries has Australian pensioners ranked as number 31, just ahead of South Korea, as the worst off!
If this is not a reason for the average Australian to re-think their financial goals for 2016, I don’t know what could be?
According to the recent report, 36% of Australian pensioners are now living below the poverty line – more than one-third of our pensioner population! Yet all it takes to avoid living your last 20 or 30 years below the poverty line for the vast majority of working Australians is an investment in a very affordable investment property that in many cases may not even affect current cash flow!
The report, released in December 2015, found the Australian government contributes less to old-age benefits than other OECD countries. The Australian government spends 3.5 per cent of GDP on the pension, below the OECD average of 7.9 per cent.
If we can’t depend on our government to look after us in our old age, surly we have a responsibility to ourselves to ensure that we can live a comfortable life in retirement and all it takes is a phone call to 1300 31 11 41 to find out how you can avoid being in that lower 36% in your ‘golden years’!
Read more: http://www.smh.com.au/national/onethird-of-australian-pensioners-live-in-poverty-oecd-report-20160106-gm0uno#ixzz3wbzE0rJm
~ Lime Property Solutions
