We have just read this from the association of super funds of Australia & we share it with you.
Table 1 below sets out the ASFA Retirement Standard figures for
the September quarter, 2014. They reflect the review undertaken in 2009 and
price changes since then. The budgets will continue to be updated on a
quarterly basis after the release of each quarter’s CPI figures.
Table 1:
Budgets for various households and living standards, 70 year olds (September
quarter, 2014)
Modest lifestyle– single
|
Modest lifestyle– couple
|
Comfortable lifestyle – single
|
Comfortable lifestyle – couple
|
||||
Housing – ongoing only
|
$68.30
|
$65.56
|
$79.16
|
$91.77
|
|||
Energy
|
$41.07
|
$54.55
|
$41.68
|
$56.53
|
|||
Food
|
$77.05
|
$159.61
|
$110.07
|
$198.13
|
|||
Clothing
|
$17.67
|
$28.68
|
$38.25
|
$57.37
|
|||
Household goods and services
|
$26.57
|
$36.03
|
$74.75
|
$87.57
|
|||
Health
|
$40.64
|
$78.43
|
$80.63
|
$142.30
|
|||
Transport
|
$96.05
|
$98.78
|
$143.14
|
$145.86
|
|||
Leisure
|
$73.78
|
$109.93
|
$223.60
|
$306.41
|
|||
Communications
|
$9.33
|
$16.33
|
$25.64
|
$32.64
|
|||
Total per week
|
$450.48
|
$647.91
|
$816.92
|
$1,118.58
|
|||
Total per year
|
$23,489
|
$33,784
|
$42,597
|
$58,326
|
|||
As the
government is not going to provide you with your comfortable 58,326 p.a then
you have a financial gap.
1 1. How do you intend to fill that gap so
that you maintain your lifestyle?
Can you or do you want to continue to work to do so?
22. Do you really want to spend 7,399.60p.a. on your future health when you could have
more fun spending it elsewhere?
How much is that over 20 years?
We do have possible solutions to your problems if you are
prepared to listen & lunch here as others do all the time.
John McAuliffe
07 3848 1088
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