Poverty In Retirement In Australia

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Every Australian deserves a good retirement income that ensures they are not at risk of poverty in older age and that income should be guaranteed by the state. Discuss. Introduction Issues stemming from older people’s restricted access to financial means in retirement, has now more than ever become an increasing problem with “more than one-third of Australian pensioners living below the poverty line” (Browne, 2016). Older people are financially supported in retirement in Australia through: a means tested age pension, a compulsory employer contributed superannuation fund and voluntary contribution to superannuation. Through the lens of a life-course approach those who are most at risk of living in poverty in retirement are women who have taken
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