To get a taste for a possible life in the future, we decided to challenge three Australians to find out how prepared they are. Will they be able to keep the best of today?
Follow Ben and Jodie, Jacinta, and Raman who are armed with a camera, a selfie stick, and a budget that represents the average Australian Super Saving living allowance for their demographic at age 65.
That’s the central question behind the $587 challenge that MLC set for radio personality and TV host Ben Fordham and his wife – the dollar amount representing the average Australian Super Saving living allowance for a couple in their demographic.
What happens when they need to buy a birthday gift, a round of sushi costs $25 and he can’t get back and forth over the Sydney Harbour Bridge for less than $37?
Based on insights from ABS and ASFA we have used the following assumptions to set the guidelines for Ben’s challenge.
Cost of living assumptions made via the calculator here.
These are assumptions only and not a forecast. Different assumptions would produce different results.