Page 19 - How Australia Retires

18 Vanguard | How Australia Retires

Those who are Highly Figure 4. Actions taken to prepare for retirement, by retirement journey and segments
Confident have actively
prepared for retirement % Set a clear budget
14% 19% 24% 31% 35%
52% of Australians on the High
Confidence Journey have or had
a good idea of what they needed
to do to achieve the retirement % Live/Lived a modest lifestyle to prioritise savings
outcome they desired, and are 24% 32% 32% 34% 45%
optimistic about this phase of life.
They are more likely than any other
segment to set budgets, prioritise
savings, and regularly contribute
to their superannuation, more so % Have/Had general or good idea of what to do to get retirement wanted
than those on the Low Confidence 25% 25% 49% 51% 52%
Journey, particularly those who
are Lacking Direction or Late in
the Game.
Low Confidence Journeys High Confidence Journeys
56% of Highly Confident Australians
also consider superannuation as Lacking Direction Highly Confident
an important component of their Aspiring Professionals
retirement plan.
Passives

Late in the Game

Figure 5. Attitudes towards retirement, by retirement journey and segments

% Feel optimistic about retirement
15% 27% 34% 41% 49%

% Feel prepared for retirement
14% 24% 25% 25% 38%

% Find thinking about retirement uninteresting
2% 4% 6% 10% 20%

Low Confidence Journeys High Confidence Journeys
Lacking Direction Highly Confident

Aspiring Professionals
Passives
Late in the Game