The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Thursday, June 16, 2011

The impact of a sharemarket crash on retirement intentions...

This just came out from the RBA today. The chart below shows at what age people expect to retire based on surveys since 2003. The green bars are those who expect to retire late (once they are 65 years or older), while the blue bars are those who expect to retire early (ie, at under 65 years). Observe the big increase from 50%> 60% of people who expect to retire late in 2009 after the impact of the GFC. There has also been a similar reduction in those who expect to retire early from around 45% of people in 2003 to circa 35% in 2009...

at 12:12 PM