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Australians' super savings may be bigger than thought, report finds

Older people Retirement Retirement income Superannuation Australia

New research suggests older Australians may be heading into retirement with a much bigger nest egg than commonly thought.

The report, by investment management firm Challenger, finds average household super wealth for those nearing retirement is close to $500,000. Given we're also living longer than ever before, it raises questions about how to manage that money after retirement.

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