Better budgeting needed from Young Australians for retirement
While many young Australians are struggling financially with the current economic downturn and cost of living crisis, younger populations also have expensive lifestyle and spending habits that impact their long-term financial outlook.
That’s according to a leading financial advisor who says young Australians aged between 27-42 years old may not have enough superannuation savings for retirement age due to certain financial and spending habits.
This makes gaining awareness of these spending habits, creating necessary lifestyle changes and building knowledge about financial management strategies, more important than ever.
Disclaimer: The Wire does not give out legal, medical or financial advice, the views in this story reflect those of the interviewee only.