With cost of living skyrocketing, now they say we wil get slugged bit time for water and power soon, rises way above inflation rates, food going up, theres just no way someone on or near min wages can save enough for retirement. besides the means test for the age pension is VERY generous. My parents are (just) under the limit for a full pension, they got a reasonable nest egg from the BHP, both worked there and they too got a good golden handshake, but not enough for fully self funded retirement.
An aunt of mine visited her son in the US once, she noted many people well past 65 still working. Thats an utter disgrace, people having to literally work till they die. I am so glad I live here in Australia. (we have the southern skies too)
