Why the age pension of $472 won’t be enough

That’s the maximum amount a single pensioner currently receives in age pension and supplements from Centrelink.If they’re a member of a couple, their pension and supplement income totals just $356 a week.You’ve got to admire the frugal Aussie seniors who survive financially on just a pension. Most have paid taxes their entire working life and now have no spare cash.When I was growing up, every retired person I knew relied solely on the age pension for their income. But that was before the days…



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