The average Victorian is not currently enjoying a financially comfortable retirement, according to this presentation. The Westpac/ASFA Retirement Income Index for a retired Victorian to have comfortable living standard a single person needs $631 per week while a couple need $834 per week ($417 each). More than 70 per cent of senior Victorians are nowhere near this level having an income of less than $300 per week.

Most senior Victorians do not even have enough income to be considered having a modest lifestyle (single - $326 per week; couple - $453 per week) according to the index.