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Medianet

Medianet was formed in 1983 as a media intelligence division to disseminate press releases on behalf of corporate, public relations, not for profits and government organisations.

As part of News Corp Australia and Nine Entertainment Co, Medianet leverages this unique position in the Australian media to distribute press releases and media statements nationwide.

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Latest Press Release
Photo File: PUP leader Clive Palmer speaks during a press conference with former Liberal Party leader John Hewson and The Australia Institute's Matt Grudnoff at Parliament House in Canberra, Thursday, July 10, 2014 (AAP Image/Lukas Coch) NO ARCHIVING

Photo File: PUP leader Clive Palmer speaks during a press conference with former Liberal Party leader John Hewson and The Australia Institute's Matt Grudnoff at Parliament House in Canberra, Thursday, July 10, 2014 (AAP Image/Lukas Coch) NO ARCHIVING

FED: Retirees mull the cost of life after work

Sunday, Sept. 26, 2021.

"Well off" retirees will need to spend an estimated $78,000 a year to keep up with cost-of-living increases and maintain their lifestyle - a jump of more than $1100 in six months.

Even "constrained" couples will have to budget for an annual outlay of $45,000 or an extra $755.

Compiled by senior Australia Institute economist Matt Grudnoff, the June quarter data illustrates the growing challenge for older Australians trying to ensure their retirement income lasts as long as they do.

A new national survey of more than 7000 candidates suggests not all are as ready as they'd like to be for the road ahead.

Of more than 4500 respondents who said they'd already retired, 30 per cent did so between the ages of 60 and 64. Seventeen per cent called it a day at 65 and 15 per cent between 55 and 59.

Source: AAP Newswire