Non-English background Australians lag retirement savings, but expert shares saving strategies
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According to a recent report by the Association of Superannuation Funds of Australia (ASFA), Australians from non-English speaking backgrounds experience a substantial superannuation gap. The analysis indicates that, on average, these individuals are about $140,000 worse off in retirement compared to those who are fluent in English. Financial Advisor Deepak Bansal examines the underlying causes of this disparity and offers guidance on effective future planning strategies.
Non-English background Australians lag retirement savings, but expert shares saving strategies