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The New Daily: Younger Australians nervous about retirement amid pandemic panic

4 August, 2020 | 
Pureprofile 

Originally published: The New Daily, 3 August 2020

Australians are increasingly worried about the ways coronavirus will affect their retirement savings, with research finding almost half are not confident about their financial position.

Almost one-quarter of workers aged between 30 and 65 also believe they will be unable to leave the workforce when they planned to.

Research from Commonwealth Bank’s wealth management arm Colonial First State (CFS) found Australians are worried about their retirement plans following the devastating economic effects of the coronavirus pandemic.

A survey conducted by Pureprofile on behalf of CFS found 45 per cent did not feel financially confident – and in some cases felt genuinely scared – about their post-working-life finances.

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