Retiree Super Spending Contributes $121 Billion a Year to Australian Economy: Report
New ACIL Allen research for the Super Members Council finds the spending supports more than 485,000 full-time equivalent jobs nationwide.
TL;DR
- Australian retirees are projected to spend $121 billion (US$87.4 billion) from their superannuation in 2026.
- This spending is expected to support more than 485,000 full-time equivalent jobs.
- Research by ACIL Allen for the Super Members Council found this spending provides a "double dividend": higher retirement incomes and economic boosts to jobs, businesses, and communities.
- This is the first report to demonstrate how retirees' spending specifically drives economic activity and supports jobs in various industries.