A new report has found that Australian retirees are significantly affected by the current economic conditions, such as inflation, supply chain disruptions, labour shortages, and other factors making it more expensive for them to maintain their lifestyles.
The retirement standard report by the Association of Superannuation Funds of Australia (ASFA) showed that it costs $66,725 (around US$46,000) a year for a couple and $47,383 for a single retiree between 65 and 84 years old to live comfortably in the June quarter, up two percent and 1.9 percent respectively from the previous quarter.
