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.
With a busy lifestyle, and a passion for hitting the golf range, can Raman succeed in the MLC Life Unchanging Challenge? After mortgage, bills, clothing, medical and transport costs, how far can he make $320 go?
Based on insights from ABS and ASFA we have used the following assumptions to set the guidelines for Raman'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.