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Will Retiring at 70 Become the New Normal?

New study puts focus on when Australians expect to leave the workforce.

Educated white-collar Australian workers are increasingly working longer and pushing back retirement. 

An analysis by KPMG found Australian workers expect to retire at their oldest age since the early 1970s, suggesting a fundamental shift in labour market dynamics post-COVID-19.

According to the report, the average age at which people expect to retire has been steadily increasing from 63.3 to 66.2 years for men and from 61.6 to 64.8 years for women. 

That is about three years later than 20 years ago. 

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