Some bills were 50 per cent higher than in 2019, as a result of COVID
'We shouldn't see people living under financial stress when they should be enjoying their retirement years.'
Super fund targets only appropriate to top 20 per cent of income earners, says Super Consumers Australia.
Retirees forced into riskier investments including a volatile share market to earn returns that exceed the deeming rate, says AIR.
Reserve Bank drop the cash rate to a new low of 0.1 per cent from the previous record low of 0.25 per cent.
Self-funded retirees have suffered a significant income hit from the adverse economic impact of COVID-19.