In this week's episode of Weekly Superannuation News Wrap, Paige Estritori discusses the growing financial insecurity among Australian retirees, driven by rising living costs and a lack of financial literacy. A recent "Retirement Confidence Pulse" report by AMP reveals a stark reality, with over 65s needing more than $75,000 annually to live comfortably. Single mothers and women, in general, are particularly challenged, their confidence levels at a low of 40%. Despite wealth growth and increase in superannuation, one-third of Australians over 65 feel financially insecure. Retirement anxiety, driven by inflation and high interest rates, is a growing concern, with only half the population confident in their retirement finances. With a large part of the population aiming for $1.25 million for a secure retirement, the show highlights the need for robust policy reforms, personalized financial strategies and comprehensive solutions to overcome these challenges.n