Baby Boomer employees and their retirement

At REST, we undertake regular research to better understand people’s financial health throughout their working lives.
The Journey Begins – REST white paper
Our latest commissioned research, The Journey Begins (part 4), seeks to help pre-retirees better plan for their own retirement by providing key insights into how their attitudes, finances, and expectations compare to those who are currently retired and those younger working Australians aged 35-49.
Together we can help pre-retirees
Our research also aims to look at the issues they’re facing and how we can work with them to plan for a better retirement. We encourage you to read and share these research findings with your employees, especially pre-retirees, by making the white paper available to them at your workplace and helping educate them about the value of retirement planning.
Key findings:

Baby Boomers, the ‘sandwich’ generation

Older workers, typically known as ‘baby boomers’, are caught between two generations that both need their support. They are ‘sandwiched’ between financially supporting elderly parents often with medical and health expenses, as well as their children for home deposits, everyday expenses and education. They are what we’ve termed the ‘sandwich generation’.

Intergenerational giving on a large scale

Our research shows older workers are providing most of the intergenerational giving – nearly $200 billion – over their collective lifetimes.

Children aged over 35 and retirees are providing another $310.2 billion, taking the total cost of intergenerational dependency to a staggering $507 billion over the combined lifetimes of Australians aged 35 and above.

Considering the average superannuation balance of older workers is just $228,280* it’s no wonder they are feeling the squeeze.

For this generation, who are also saving toward their own retirement, The Journey Begins attempts to better understand the impacts intergenerational giving may have on their own retirement experience down the track.

No silver bullet, but super can help

Consequently, there’s a generation of retirees who aren’t living the life they deserve. And there are older working Australians who look set to live a more frugal retirement than anticipated.

Whilst superannuation isn’t the only answer, it can go a long way towards enjoying the best possible retirement.

Together we can help ease the squeeze
If you have employees aged between 50 and 65 who may have started thinking about planning their retirement, our research may be relevant and of value to them.

Together we can start to address this problem and ensure most Australians can live the life they have earned in retirement.

View The Journey Begins whitepaper here.

* Research conducted by Lonergan Research in January 2017 of 1048 Australians (243 younger Australians aged 35-49, 405 older working Australians aged 50+ and still working, and 400 retirees).

This website is provided by Retail Employees Superannuation Pty Limited ABN 39 001 987 739, AFSL 24 0003 (Rest), trustee of Retail Employees Superannuation Trust ABN 62 653 671 394 (Fund), of which Rest Super, Rest Corporate, Rest Pension and Acumen are part. It contains general advice that has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, consider its appropriateness and the relevant Product Disclosure Statement (PDS), which is available on this website. The cost of providing financial services is included in the fees in the Fund as disclosed in the relevant PDS. Rest and the Fund do not charge any additional fees or obtain any commissions for the advice provided. Rest’s employees are paid a salary and do not receive any commissions. They may receive a performance related bonus that takes into account the financial services provided. Super Investment Management Pty Limited (ABN 86 079 706 657, AFSL 240004), a wholly owned subsidiary company of Rest, manages some of the fund’s investments. Apart from this, Rest does not have any relationships or associations with any related body corporate or product issuer that might reasonably be expected to be capable of influencing Rest in providing financial services.

Rest personal advice is provided by Rest Advisers as authorised representatives of Link Advice Pty Ltd ABN 36 105 811 836 AFSL 258145

Awards and ratings are only one factor to consider when deciding how to invest your super. Further information regarding these awards can be found at Past performance is not an indicator of future performance. SuperRatings Pty Limited does not issue, sell, guarantee or underwrite this product. Go to for details of its ratings criteria. For further information about the methodology used by Chant West, see