The only problem with statements like "People fear they will spend too much but the reality is that retirees underspend and end up dying with a significant balance of their superannuation unspent," and people saying that super is being left as an inheritance and that's not what it's designed for is that WE DON'T KNOW WHEN WE'RE GOING TO DIE!

If you can fix that simple problem, then people will likely spend a lot more of their super! Until that time, people are going to spend less so that they don't run out...simple.

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I'd love to see some stats. There are constant stories about how much super you'll need to retire on but I read those as the bare minimum. Then today I read a story on here about how 1 in 7 is living below the poverty line, which I suspect is much much higher, once rent/mortgage is taken into account. I earn roughly what is considered the average Australian income but rent takes half, then with a few other essentials and a small amount put away as an investment, I literally have less than $100 a week left over for food and anything unexpected. I should add I do spend about $50 a month on donations, and I feel good about that, but if I get another rent rise soon I'll probably have to cut that. I often end up having to buy from the reduced section of Woolworths, but mine is really tight with their discounts on food expiring that day, like $1 discount of a $10 item. I suspect it's a postcode thing.

And yes, being retired is extremely boring, before you make that leap, set up activities and hobbies that you can involve yourself in.

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