10 May 20I3 – Bela Moore, Money Management
Energy and health costs have increased but retirees who seek out a comfortable lifestyle are living cheaper due to a fall in the price of food and leisure goods, according to the latest Association of Superannuation Funds of Australia (ASFA) retirement standard. However, with a decrease of less than 0.1 per cent between the December and March quarters in aggregate terms, this equated to $1 extra per week and an outlay of $56,317 a year per couple per annum to achieve the comfortable lifestyle. Decreasing costs stemmed from a fall in the cost of leisure goods and services as well as the strong exchange rate bringing down the cost of overseas holidays and items such as computers and televisions. Writes Bela Moore at Money Management.
READ MORE about items that have increased and those that have decreased.
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