Recently, a reputable financial firm surveyed over 2,000 Australian adults about their attitudes concerning investment, debt and savings. The online poll was taken toward the end of 2013 and involved household decision-makers between the ages of 18 and 65. Age, gender and location were all taken into consideration when compiling the results.
The report is called the RaboDirect National Savings and Debt Barometer (NSDB). This is the third annual report; as usual, it aimed to seek opinions about the financial issues that Australians find most important.
This year’s model related a lot of the issues to health and happiness. Across all major issues, age groups, occupations and both genders, those who were in the best shape financially said they were both healthier and happier.
So, who came out on top of the health and happiness scale? The Self-Managed Super Fund (SMSF).
Self-Managed Super Funds
Those with SMSFs felt that they were happier and healthier than those with other super funds by a large margin. In addition, approximately one out of three respondents who had SMSFs said that they expect to have at least $1 million in their funds when they retire. Of those who had different superannuation funds, only 10% expected to have $1 million when they retire.