Poor and rich retirees spend about the same
- Written by Eliana Maddock, Research Officer, Australian Centre for Financial Studies
Research shows that poor and wealthy retirees spend about the same during their retirement.www.shutterstock.comThere is little justification in giving rich households generous superannuation tax concessions, as wealth has a limited impact on spending and wellbeing in retirement new research suggests. Retirement income is at the core of the...