Are they serious?! You might need to give your grandchild a talking to… 39



View Profile

A new study has found that Australia’s youth are rather optimistic about their working life, with more than half believing they will be able to retire when they are 52 years old.

The current retirement age is 67 and is likely to have risen to at least 70 by the time many of today’s young workers are reaching the later stages of their careers.

This hasn’t deterred them though, with thousands already plotting how they will enjoy their 50s and beyond in sweet retirement bliss.

Exactly how they are planning to pay for this lavish life of ease it still unknown, but we’re hoping they share their tips for success with us so we can get in on the fun, too!

Despite their optimism, it’s likely many of Australia’s young workers will be faced with a very different reality when they reach 52.

The government has already committed to raising the retirement age to 70 by 2035, and with the changing job market and inflation there are no guarantees they will be able to enjoy the retirement lifestyle they are dreaming about.

While many are applauding their optimism, it’s been suggested by some they might need a cold hard dose of reality…

What advice would you give to young workers who think they’ll retire at 52? What was your dream retirement age when you were younger?

Starts at 60 Writers

The Starts at 60 writers team seek out interesting topics and write them especially for you.

  1. Well they certainly earn a lot more than we ever did in a lot of cases. With wise investing, it could well be feasible. Is this the same generation that can’t afford to get into the property market though?

    1 REPLY
  2. I guess there is no harm in DREAMING, because the reality for most of them will be that they will be lucky if they can retire by the age of 70 if at all, let alone by the age of 52. Keep dreaming!

  3. I have told my children (in their mid 20s) to enjoy their jobs because they will probably have to do it until 80. I don’t think I will be far wrong.

  4. Where have these young ones been? Haven’t they been following politics? The Coalition have made it plain that if they get their way, everybody (except themselves, of course) will be working until they die or turn 70, whichever comes first.

    1 REPLY
  5. I think many have that thought briefly and so did I, but the main focus in ones 20’s and 30’s is the mortgage/ rent and family needs. Any person with a young family needs to think of their biggest bang for their buck and that’s reducing the mortgage. Serious consideration for retirement needs to be part of the budget starting by the age of 40. Thinking of retirement too early is not sensible unless you are well off and maybe that’s not great unless your income is volatile. Superannuation is a terrific way to be prepared for retirement but until governments stop playing with people’s livelihoods no one will have confidence in retirement funding.

    1 REPLY
  6. Perhaps they will be able to retire in their 50’s because they will have had compulsary super for their entire working lives, whereas the baby boomers and those before have not.

  7. Stay below the radar and you may have a job for life. The high flyers are the first to get their heads chopped off-seen it time and time again. Just love your job and give it 100 percent. They won’t get rid if you. Wages might not be top notch but they will be consistent – your welcome

    2 REPLY
    • So what happens if you don’t like your job? You just stay there unhappy and hope for the best, that’s not living 😩

    • Lee Horrocks nothing stays the same forever. One day your on the bottom next day your on top. It’s all part of the rich tapestry of life and in the meantime your getting paid every week. Your life is at home not at work

  8. Hope they are not expecting to live off proceeds of their parents homes, because so many do not take an active interest in our lives as we age, there seems to be a mass exodus to retirement villages. Good luck getting much out of them when we cark it!

Leave a Reply

Your email address will not be published. Required fields are marked *