Thu Jun 11 08:54:54 WST 2009
The latest survey in our Social Indicator Series, the Bankwest "Retiring in the Downturn" survey was conducted in April and May 2009 and surveyed 838 Australians either in or approaching retirement. The survey was conducted online by Brand Management.
The survey revealed that 73% or an estimated 2.9 million elderly residents have lost retirement income in the past two years.
The savage economic downturn means nearly one in five retirees and soon to be retired (16%) will be forced to accept a lower standard of living during their retirement years, while 13% will delay retirement to try and recoup wealth.
The report also showed that:
Download a copy of the full report and a breakdown on each state below:
-Ends-
© 2012 Copyright Bank of Western Australia Ltd (Bankwest) ABN 22 050 494 454 AFSL / Australian credit licence 236872. All rights reserved.To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). These products are issued by Bankwest unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.
As you make your way around our site, you'll see that our personal banking products include home loans, credit cards, personal loans, savings and term deposits, everyday accounts, insurance and online banking. In business finance, we can help you with business loans, rural finance and options for your agribusiness needs. And don’t forget our business credit cards, business savings accounts, and business accounts.
