Retiree Super Spending Contributes $121 Billion a Year to Australian Economy: Report

Research commissioned by the Super Members Council indicates that Australian retirees will spend approximately $121 billion from their superannuation savings in 2026. This spending is projected to support over 485,000 full-time equivalent jobs across the Australian economy. The study highlights a “double dividend” from superannuation, benefiting individuals with higher retirement incomes and boosting the broader economy through increased spending.

• Australian retirees are projected to spend $121 billion (US$87.4 billion) from their superannuation in 2026.
• This spending is expected to support more than 485,000 full-time equivalent jobs.
• Research by ACIL Allen for the Super Members Council found this spending provides a “double dividend”: higher retirement incomes and economic boosts to jobs, businesses, and communities.
• This is the first report to demonstrate how retirees’ spending specifically drives economic activity and supports jobs in various industries.