Financial discomfort and aged care concerns

This week, National Seniors launched its final research report produced in conjunction with investment management firm Challenger.

Older people’s financial wellbeing and preferences reports on several important financial issues of our time, including the adequacy of the Age Pension, concerns about paying for aged care costs, retirement finance options, and older Australians’ levels of financial comfort in general. 

The report is based on the financial module of the 12th National Seniors Social Survey, conducted in February 2024.  

Approximately 4,700 people aged 50 or older from across Australia responded to the financial questions. As always, we are grateful to those who participated, making this research possible.