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Ageing baby boomers in Australia: Evidence informing actions for better retirement

Humpel, Nancy; O'Loughlin, Kate; Wells, Yvonne; Kendig, Hal

Description

The first Australian baby boomers are starting to retire. Consequently, it is essential to develop and apply a strong evidence base to facilitate their successful retirement and ongoing wellbeing. This review focuses on recent literature on pre-retirement baby boomers to identify available research findings and gaps to be filled on retirement preparation. A notable shortage of empirical literature was found on pathways to retirement and financial plans. A trend emerged towards an intention to...[Show more]

dc.contributor.authorHumpel, Nancy
dc.contributor.authorO'Loughlin, Kate
dc.contributor.authorWells, Yvonne
dc.contributor.authorKendig, Hal
dc.date.accessioned2015-12-07T22:20:51Z
dc.identifier.issn0157-6321
dc.identifier.urihttp://hdl.handle.net/1885/19774
dc.description.abstractThe first Australian baby boomers are starting to retire. Consequently, it is essential to develop and apply a strong evidence base to facilitate their successful retirement and ongoing wellbeing. This review focuses on recent literature on pre-retirement baby boomers to identify available research findings and gaps to be filled on retirement preparation. A notable shortage of empirical literature was found on pathways to retirement and financial plans. A trend emerged towards an intention to retire at an older age, and the main source of retirement income was expected to be superannuation. Over half of Australian boomers expect their savings to be sufficient; however, 30-50% anticipate a decline in their standard of living. The majority want the responsibility for funding retirement shared between the individual, government and employers. Further research is needed on the varying plans and expectations of men and women, of low-skilled workers, and those from culturally diverse backgrounds.
dc.publisherAustralian Council of Social Services
dc.sourceAustralian Journal of Social Issues
dc.subjectKeywords: Baby boomers; Plans; Retirement
dc.titleAgeing baby boomers in Australia: Evidence informing actions for better retirement
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume44
dc.date.issued2009
local.identifier.absfor111799 - Public Health and Health Services not elsewhere classified
local.identifier.ariespublicationu5637259xPUB9
local.type.statusPublished Version
local.contributor.affiliationHumpel, Nancy, University of Sydney
local.contributor.affiliationO'Loughlin, Kate, University of Sydney
local.contributor.affiliationWells, Yvonne, University of Sydney
local.contributor.affiliationKendig, Hal, College of Medicine, Biology and Environment, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.issue4
local.bibliographicCitation.startpage399
local.bibliographicCitation.lastpage415
local.identifier.absseo940103 - Ageing and Older People
dc.date.updated2016-02-24T11:37:06Z
local.identifier.scopusID2-s2.0-77953002122
local.identifier.thomsonID000208409100004
CollectionsANU Research Publications

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