A third of Australian workers will not have enough super to live comfortably when they retire, according to the first AMP superannuation adequacy index.
The study of the super savings of 320,000 AMP corporate super clients found that a third of people will have a retirement income less than 65% of their working income when super and the age pension is taken into account.
The average Australian will retire with $535,036, excluding the family home, enough to provide an annual income of $40,567 when age pension and other investments are taken into account.
The average superannuation contribution is 12.6%, suggesting many Australians make voluntary payments in addition to the 9% compulsory contributions. People tend to make bigger contributions the older they get, with people over 60 putting an average 25.5% into super.
“Current savings patterns mean that even if young workers follow in the footsteps of their parent’s generation by contributing more to super near retirement, 35% will not achieve the savings they need for an adequate retirement,” Access Economics director Chris Richardson says.
If you’re a visual person and you enjoy a Japanese joke, this could be for you. Japanese based design agency iA have put out what it calls a “Web Trend Map“. They have created a tube/subway map to represent the “200 most successful websites on the web, ordered by category, proximity, success, popularity and perspective”.
You can buy the poster for $US25 or just use it as your wallpaper. iA Webtrend Map Screensaver (OSX). Look closely and there is method to the connections. The map is a new and improved version of a previous one, with more websites, a focus on English language websites but includes some Japanese, German and Chinese sites too.
It has been around for a while, but over the past month telecommunications players such as Optus, Telstra and now Virgin have moved to aggressively market service bundles incorporating phone and internet services to consumers and SMEs.
Virgin’s new package includes a fixed line telephone service with broadband internet access, unlimited local and national long distance calls and 4GBs of download data for $60 a month, iTWire reports.
Independent consumer advocacy and advice group Choice says a family can save about $20 a month through these offers, as long as they choose one that properly matches their needs.
Choice says when comparing telco service bundles, consumers should look out for:
A recent study of the technology habits of 18000 people around the world between the age of eight and 24 conducted MTV, Nickelodeon and Microsoft and reported in Marketing Charts has produced some quite fascinating results:
Pressure and stress is the common cold of the psyche.
– Andrew Denton
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