MLC commissioned IPSOS to prepare a three-part whitepaper to explore the challenge of how we get more Australians to think about their retirement. This ground-breaking research from MLC lifts the lid on how Australians are living their financial and social lives, creating financial security and preparing for retirement.
The report divided into 3 parts, give unique insights and powerful data in a series of articles over the coming months, to give you a new view on Australians, their lifestyle, wealth and plans for the future.
Are we on the path to self-funded retirement? Will we have enough money to see us through? They're questions that many are asking themselves as they ponder the balances of their super. One thing seems certain is that knowledge makes a big difference to our confidence levels when it comes to the ability to self-fund our retirements. This third and final part explores the value of advice.
We're all a bit confused about where we sit on the socio-economic strata with majority of us indicating we are middle class. Although we're not quite sure how to define middle class but many of us believe that social class labels are still relevant. This first part of the whitepaper explores how Australian’s perceive themselves to sit on the socio economic strata, the lifestyle characteristics they value now and aspire to and their sense of financial security.