Retirement on Hold: Aussies Working Longer as Living Costs Soar

Once upon a time, retirement at 65 was almost guaranteed. You worked hard, saved a bit, and eventually kicked back with a pension and some super. But things have changed. Aussies today are grappling with higher rents, grocery bills, and energy costs, making it harder to walk away from the workforce. The rising cost of living is pushing people to keep working well into their 60s and even 70s. For many, super balances aren’t what they hoped for, and the Age Pension doesn’t stretch as far as it used to. As a result, a growing number of older Australians are either staying in their jobs or returning after retirement.