Chances are if you offered most Australians who are working today the opportunity of beginning tomorrow, they would seize it with both hands. After all, most of us wouldn't work if we didn't have bills to pay..
. at least as much as we do. Late last month, the average age at which most Australians officially retire and enter their golden years.
She found that the average age for the 130,000 people who retired in 2022 was 64.8 years. That broke down to 66.
9 years for men and 63.2 years for women. Interestingly, the most common reason that Australians chose to retire was reportedly "access to financial support".
That came in ahead of "sickness, injury or disability" and "not being able to find employment". So we know that a plurality of those Australians who decide to retire do so because they can afford to. Once we reach the eligibility age of 67, the possibility of at least a modest retirement becomes a reality for most Australians.
But what about those Australians who, through luck, hard work or a combination of the two, find themselves able to retire much earlier than that? Is there an age too young to retire? Retirement: How early is too early? This is obviously going to be a highly subjective question. Many of us love working, keeping busy and making a valuable contribution to society. Perhaps some of these people intend to keep working until they drop, not because they have to but because they want to.
There's nothing wrong with that. But what about others who would retir.