Normal
Both of these statements are too general in my view to be able to draw any valid conclusions without seeing the actual data on which they are based and other financial information. At an individual level, the statements don't take into account the spending/living requirements of the households.For example, I draw the minimum retirement pension of $7k per month. Last FY my basic requirement in order to keep the roof over my head (rates/utilities/ health/house/car insurances/registration) I need around $12k per year. That leaves $6k per month. That is approximately double the married rate age pension As a single person, given my personal approach, that is more than sufficient for me. In addition, I have a very good, again my view, investment income outside of superannuation. Result is I have no requirement to draw down an amount greater than the minimum.The obvious point I am making is generalised statements do not reflect specific household needs. Some may need to, or possibly should, draw down more of their superannuation if necessary whereas a number do not need to. That is the information missing from those generalised statements.
Both of these statements are too general in my view to be able to draw any valid conclusions without seeing the actual data on which they are based and other financial information. At an individual level, the statements don't take into account the spending/living requirements of the households.
For example, I draw the minimum retirement pension of $7k per month. Last FY my basic requirement in order to keep the roof over my head (rates/utilities/ health/house/car insurances/registration) I need around $12k per year. That leaves $6k per month. That is approximately double the married rate age pension As a single person, given my personal approach, that is more than sufficient for me. In addition, I have a very good, again my view, investment income outside of superannuation. Result is I have no requirement to draw down an amount greater than the minimum.
The obvious point I am making is generalised statements do not reflect specific household needs. Some may need to, or possibly should, draw down more of their superannuation if necessary whereas a number do not need to. That is the information missing from those generalised statements.
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