Work, Money, Lifestyle: Plans of Australian Retirees

13 Pages Posted: 17 Jan 2013

See all articles by Julie R. Agnew

Julie R. Agnew

College of William and Mary - Mason School of Business

Hazel Bateman

UNSW Sydney, CEPAR

Susan Thorp

The University of Sydney Business School

Date Written: November 1, 2012

Abstract

Existing research shows that adjustment to retirement is correlated with pre-retirement planning. This study presents new insights into the retirement preparedness of Australians at the later stages of working life. Recent surveys of those approaching and entering retirement show that the extent of planning around exiting the workforce, financial management, bequest provision and activities during retirement vary greatly. We find that more than half of Australians in their 50s and 60s have not planned key aspects of retirement. A small minority have detailed and advanced plans. In addition, expectations around these issues and actual realisations may not be well matched.

Keywords: Australian retirees

JEL Classification: G23, G28, D14

Suggested Citation

Richardson Agnew, Julie and Bateman, Hazel and Thorp, Susan, Work, Money, Lifestyle: Plans of Australian Retirees (November 1, 2012). UNSW Australian School of Business Research Paper No. 2012ACTL15. Available at SSRN: https://ssrn.com/abstract=2198640 or http://dx.doi.org/10.2139/ssrn.2198640

Julie Richardson Agnew (Contact Author)

College of William and Mary - Mason School of Business ( email )

P.O. Box 8795
Williamsburg, VA 23187-8795
United States

Hazel Bateman

UNSW Sydney, CEPAR ( email )

High Street
Sydney, NSW 2052
Australia

Susan Thorp

The University of Sydney Business School ( email )

Abercrombie Building
H70
The University Of Sydney, NSW 2006
Australia
0290366354 (Phone)

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