With a high 33 per cent of people over 60 years of age living in poverty, Australia ranks 94th, ahead of only South Korea and Venezuela, for the worst rate of old-age poverty in the Global AgeWatch Index 2015.

While we might congratulate ourselves for some progress we’ve made in some policy areas toward ensuring Australia is a great place for older people, this week’s news on the Global AgeWatch Index certainly takes a bit of wind out of our sails.

Read more here.

Subscribe to our fortnightly newsletter

Our fortnightly newsletter brings you all the tips and tricks you need for a successful retirement, covering everything from finances and property, to health and happiness. Get prepared and sign up here.