Page 16 - How Australia Retires

15 Vanguard | How Australia Retires

Insight 03

Retirement confidence is not

dependent on age or income but

rather, on having a plan

This study found that By comparing working-age
Australians generally and retired Australians according
to their respective attitudes
take one of two journeys towards life goals, career paths
towards retirement, and financial planning, five
broadly referred to as a distinct segments emerged:
Lacking Direction, Aspiring
Low Confidence Journey Professionals, Passives, Late in
or a High Confidence the Game, and Highly Confident.
Journey. The journey Interestingly, while characterised
by attitudes, each segment
they take is determined notably skewed towards
by their everyday certain ages or demographics.
attitudes and actions.
Between these two
journeys, significant
differences in retirement
confidence exists.